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Question: The SCQ Corporation manufactures specialty medical tools ranging from $10,000 to$15,000 per unit. The tools are used in hospitals, clinics, and the home hospitality market. SCQ Corporation has contracted with YOUCPA to assist in creating its cash flow statement. In the past, its income statement and balance sheet have been prepared by the internal accountant.

Assignment Guidelines:

A. Indirect method cash flow/cash flow statement:

a. What is the operational cash flow?

b. What is the investing cash flow?

c. What is the financing cash flow?

B. Direct method cash flow:

a. What is the operational cash flow?

b. What is the investing cash flow?

c. What is the financing cash flow?

C. What are the differences in the cash flow concepts and procedures between the direct and indirect methods?

Information related to above question is enclosed below:

Attachment:- ip2assignment.rar

Accounting Basics, Accounting

  • Category:- Accounting Basics
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