The ________ __________ is the first basic financial statement.
The Statement of ________ _______ is the fourth basic financial statement.
The acronym for the Income Statement items that are subtracted from the Operating Activities section of the SOCF (Gains, Deferred Tax Asset, Premium on Bonds).
The acronym for the Income Statement items that are added to the Operating Activities section of the SOCF (Losses, Amortization, Depreciation, Depletion, Discount on Bonds, Deferred Tax Liability).
The _______ of the SOCF is to report (1) cash receipts, (2) cash payments, and (3) net change in cash for a company's operating, investing, and financing activities.
Step #4 to prepare the SOCF is complete the _________ Activities section.
An acronym for the Significant Noncash Investing and Financing Activities section of the SOCF.
Investing activities stem from the cash effects of Long-Term Assets, Property, Plant, and Equipment, and _________.
Financing activities stem from cash effects related to Long-Term Liabilities, Common Stock, and the payment of _____________.
Step #3 to prepare the SOCF is complete the _________ Activities section.
There are two __________ to prepare the SOCF: (1) Indirect ________ and (2) Direct _________.
Operating Activities stem from the cash effects of ________ assets, _________ liabilities, and certain income statement transactions.