Partnership Balance Sheet a. What does a partnership balance sheet report? b. How does the balance sheet for a partnership differ from that of a sole proprietorship and a corporation?
Step 1 of 3
Week One Notes Managerial Accounting Statement of Cash Flows: Operating, Investing, and Financing Activities (3 basic necessities of running s business) Each section has cash inflows and outflows Gives information for the change in cash from one accounting period to the other Statement of cash flows: XYZ Corp Comparative Bal. Sheet 2016 and 2015 Cash: 16K and 15K, increase comes from OIF Activities CF from oper. Act. 3000cash inflow>cash outflow CF from inv. Act. (1000)cash inflow
Textbook: Accounting: First Year Course
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