Jos Arcenio Coba Kauil

1. What does the cash statement reports? The cash flow statement reports the cash generated and used during the time interval specified in is heading. The period of time that the statement covers is chosen by the company. For example, the heading may state for the three months ended December 31, 2010 of the fiscal year ended September 30 2010. 2. What are the categories in the cash flows statement? 1. Operating activities_ the activities involved in earning revenues. For example, the purchase or manufacturing of merchandise and the sale of the merchandise including marketing and administration. 2. Investing activities_ reports the purchase and sale of long-term investments and property, plant and equipment. 3. Financing activities_ reports the issuance and repurchase of the companys own bonds and stock and the payment of dividends. 3. Which are the accounts involve in investing activities? Long-term investments Land Buildings Equipment In short, investing activities involve the purchase and/or sale of long-term investments and property, plant, and equipment. 4. Which are the adjustments in operating activities? The operating activities section has adjustments for depreciation expense and for the gains and losses on the sale of long-term assets.

5. Does the heading of the statement show an interval or a point in time? THE STATEMENT OF CASH FLOWS

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