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Adoesha Nofire
on Nov 18, 2024

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When using the spreadsheet (work sheet) method to analyzing noncash accounts, no order of analysis is required, but it is more efficient to start with Retained Earnings and proceed upward in the account listing.

Spreadsheet Method

The spreadsheet method involves using software like Microsoft Excel to organize, calculate, and analyze data, often used for financial analysis and planning.

Retained Earnings

The stockholders’ equity created from business operations through revenue and expense transactions; an account representing the net income retained in a corporation.

Noncash Accounts

Accounts in financial accounting that represent transactions not involving physical cash, such as depreciation or credits.

  • Acquire knowledge on the adjustments necessary for non-operating expenses and non-cash transactions during the compilation of cash flows from operating activities.
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Bevolo LauraNov 23, 2024
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