29 Jun 5. Be sure to clearly label and cross-ref
Question
ACCT 4111
Fall 2013 ACCT 4111 Section: 010
Extra Credit Assignment
Instructions:
1. Prepare a cash flow statement using the information below. Use BOTH the direct and
indirect method to prepare the Operating Activities section (i.e., I expect to see 2 Operating
Activities sections, 1 Investing, and 1 Financing).
2. Each cash flow item in the statement should be appropriately labeled (use the naming
conventions used on the text).
3. Show all calculations / work used to prepare the 3 different sections of the cash flow
statement (this should be on a separate sheet). You will not receive credit for the
assignment if you do not show all work for each number.
4. Work should be neat and clearly labeled so that I can follow the calculations corresponding
to the cash flow item within the cash flow statement sections.
5. Be sure to clearly label and cross-reference each cash flow item on the statement to the
calculations that correspond to that cash flow item. E.g., if you have “cash received from
customers” in your cash flow statement, label this item as “A” or “1” in the margin and also
label the calculations that correspond to this number as “A” or “1” on your calculations
worksheet. In this way, I can easily find the calculations you performed for each item on
your cash flow statement.
6. Appropriately label the cash flow statement and the related sections – follow the format
used in the text.
7. This is not a group assignment. Individual work is expected. No points will be given if
submitted assignment is not your own work.
Points: Total of 10 Points
Points are allocated as follows:
4 points for the Operating Activities – direct
2 points for the Operating Activities – indirect
2 points for the Investing Activities, and
2 points for the Financing Activities
As agreed, points will NOT be awarded for partially correct work in each section. Each
section must be accurately completed in its entirety to receive the allocated points
(including showing related calculations or T accounts).
Due Date: No Exceptions
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