Wednesday, September 7, 2011

Chapter 1 , P1-2A (Page 34)

This one was hard for me. I might have to redo this vlog if I get any of them wrong. I'm going on about 4 hours of sleep today... Long day ugh.


P1-2A
(a) With this one I'll say statement of cash flow because it shows the amount of cash provided or used by operating activities, investing activities, and financing activities.
(b) I'd say the income statement for this one because it tells about past performance and thus gives an indication of future performance.
(c) And for this one I'm going with balance sheet. Creditors analyze a company's balance sheet to determine the likelihood that they will be repaid (page14). They carefully evaluate the nature of the company's assets and liabilities.
(d) And for the last one I'm going with statement of cash flow. I say this because it shows the amount of cash provided or used by operating activities, investing activities, and financing activities.

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