Asked by Ricky Moore on Jun 18, 2024

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During 2019,the following items were reported on The Mickey Company's statement of cash flows in millions of dollars.
For each item,identify the type of activity it is (operating,investing,financing)and the effect it would have on the statement of cash flows.The operating activities section is prepared using the indirect method.Enter "+" if the item is added or "-" if the item is subtracted.Do not enter dollar amounts.
During 2019,the following items were reported on The Mickey Company's statement of cash flows in millions of dollars. For each item,identify the type of activity it is (operating,investing,financing)and the effect it would have on the statement of cash flows.The operating activities section is prepared using the indirect method.Enter + if the item is added or - if the item is subtracted.Do not enter dollar amounts.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.

Operating Activities

Activities that are part of a company's primary operations, including production, sales, and day-to-day business functions.

Indirect Method

A financial reporting approach used to generate the statement of cash flows, where net income is adjusted for changes in non-cash accounts to reveal cash generated or consumed by operating activities.

  • Recognize the impact of transactions on the cash flow statement and classify them correctly.
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Dorreen San PedroJun 20, 2024
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