E17-2 (attached, page 769) on eBook : for each item, identify and indicate whether it's O, I, F, SNC, NCO (added or deducted from Net Income) E17-4 and E17-5 Prepare Cash Flow Statements by using...

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E17-2 (attached, page 769) on eBook : for each item, identify and indicate whether it's O, I, F, SNC, NCO (added or deducted from Net Income)
E17-4 and E17-5 Prepare Cash Flow Statements by using Indirect Method
Issuing Common Stocks
E13-4 and E 13-5, E13-7
Answered Same DayMay 10, 2021

Answer To: E17-2 (attached, page 769) on eBook : for each item, identify and indicate whether it's O, I, F,...

Akshay Kumar answered on May 11 2021
138 Votes
17-2
    Answers
    a    Operating Activity
    b    Significant Non-Cash Investing and Financing Activity
    c    Investing Acti
vity
    d    Financing Activity
    e    Operating Activity
    f    Investing Activity
    g    Investing Activity
    h    Financing Activity
    i    Operating Activity
    j    Significant Non-Cash Investing and Financing Activity
    k    Investing Activity
    l    Significant Non-Cash Investing and Financing Activity
    m    Investing Activity
    n    Financing Activity
17-4
    GUTIERREZ COMPANY
    Partial Statement of cash flows
    For the year ended December 31,2017
    Particulars    Amount($)    Amount($)
    Cash flow from operating activities
    Net income        $225,000
    Adjustments to reconcile net income to
Net cash provided from operating activities
    Depreciation expense    $45,000
    Loss on disposal of equipment    $5,000
    Decrease in AR    $15,000
    Increase in AP    $17,000
    Decrease in prepaid expenses    $4,000
            $86,000
    Net cash flow from operating activities        $311,000
17-5
    SCOGGIN INC.
    Partial Statement of cash flows
    For the year ended December 31,2017
    Particulars    Amount($)    Amount($)
    Cash flow from operating activities
    Net income        $153,000
    Adjustment to...
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