Create the Operating Section of the Statement of Cash Flows

question 98

Essay

Create the operating section of the statement of cash flows (indirect method).
Moving Inc.
Income Statement
For the Year Ending Dec. 31,2010

$\begin{array}{ll}\text { Sales } & 900,000 \\\text { Cost of Goods Sold } & \underline{400,000} \\\text { Gross Margin } & 500,000 \\\text { All Other Items: } & \\\text { Salaries Expense } & (100,000) \\\text { Depreciation Expense } & (200,000) \\\text { Loss on Sale of Equipment } &\underline{ (100,000)} \\\quad \text { Net Income } & \underline{100,000}\end{array}$

Moving Inc.
Balarce Sheet - Incomplete Staternent
Dec. 31, 2010

***** Other Information: Dividends Paid = $ 50,000

Realize the role of international corporations like Export Development Canada in facilitating international trade.

Explain the concept of exchange rate risk and its types such as transaction, translation, and economic exposure.

Describe the operation of the foreign exchange market and its significance to global trade.

Understand the theories of purchasing power parity (PPP) and interest rate parity (IRP) and their application in predicting currency movements.

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Definitions:

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Picket Line

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