Exercise 11.11 – Peach Computer, Indirect Method
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Prepare the operating activities section of the statement of cash flows using the indirect method.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Calculate net cash flows.
Calculate net cash flows from financing.
Calculate the cash flow to sales ratio and the asset turnover ratio.
Prepare the operating activities section of the statement of cash flows using the direct method.
Given the selected data from a balance sheet… calculate the cash received from customers, the cash paid to suppliers, and the cash paid in taxes.
Calculate cash received and cash paid.
Calculate cash received and prepare summary journal entry.
Calculate cash paid and prepare summary journal entry.
Calculate cash paid and prepare summary journal entry.