How does a price floor set above the equilibrium level affect quantity demanded and quantity supplied?
Bold: key word Green: definition Red: formula Yellow: important è: Therefore, in consequence Tuesday, November 15 , 2016 See Handout E5-14. Dividends of 23,000 were declared/accrued à it is NOT a cash transaction. à Non-cash transactions are represented in a separate footnote in the back of the financial statements. With this limited information, we will make the Statement of Cash Flows. We will use the indirect method/reconciliation method to do the Operating Activities section. The Statement of Cash Flows answers these questions: Ø Where did the cash come form Ø Where did it go Ø What was the net change We can know it by comparing 2 consecutive Balance Sheets (and looking at the Cash account in specif