Is the Establishment of a Petty Cash Fund an Asset

question 13

Essay

Is the establishment of a petty cash fund an asset source,asset use,asset exchange,or claims exchange transaction?

Analyze the impact of specific business operations and transactions on cash flows.

Interpret the changes in cash flow statement items and their implications on business financial health.

Develop an understanding of how non-cash transactions and charges are considered in cash flow reporting.

Understand the various forms of taxation in the U.S. and their characteristics.