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Description
Week 1
Assignments:
ACC 206 Week One Assignment
Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.
Ch 1 Critical Thinking Question 5:
Chapter 1 Exercise 1:
Classification of activities
Chapter 1 Exercise 4:
. Overview of direct and indirect methods
Chapter 1 Exercise 6:
5. 6. Equipment transaction and cash flow reporting
Chapter 1 Problem 3:
6. 3. Cash flow information: Direct and indirect methods
Acc 206 Week One Exercise Solution
Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows? How are these noncash transactions disclosed?
Chapter 1 Exercise 1:
1. Classification of activities
Chapter 1 Exercise 4:
4. Overview of direct and indirect methods
Chapter 1 Exercise 6:
Equipment transaction and cash flow reporting
Chapter 1 Problem 3:
3. Cash flow information: Direct and indirect methods
Week 1 Dq1:
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?
Week 1 Dq2:
Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button,...