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cash flows from investing activities.
cash flows from financing activities.
15-
Multiple Choice Question 150
Financing activities involve
cash receipts from sales of goods and services.
acquiring and disposing of productive long-lived assets.
lending money to other entities and collecting on those loans.
long-term liability and owners’ equity items.
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ACC 557 Week 10 Chapter 14 (E14-3, E14-4, E14-13, P14-
6A)
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ACC 557 Week 10 Chapter 14 (E14-3, E14-4, E14-13, P14-6A)
Exercise 14-3
The comparative condensed balance sheets of Garcia Corporation
are presented below.
(a) Prepare a horizontal analysis of the balance sheet data for
Garcia Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the balance sheet data for
Garcia Corporation in columnar form for 2014