ABC Case Study Project
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The paper provides the completion of a cash flow statement using the continental or indirect method. The project includes comments on the accounting questions involved.
From the Paper:"Indirect method: The indirect method uses net-income before tax and dividends as a starting point. It then takes on a debit and credit basis similar to how a classic T account makes adjustments first for all non-cash items and then adjusts for all cash-based transactions not included in net income. It should be noted that net income here is similar to operating income under GAAP accounting. An increase in an asset account is subtracted from net income..."
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ABC Case Study Project (2008, December 01) Retrieved January 18, 2021, from https://www.academon.com/term-paper/abc-case-study-project-125783/
"ABC Case Study Project" 01 December 2008. Web. 18 January. 2021. <https://www.academon.com/term-paper/abc-case-study-project-125783/>