FABM RECITS 2

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9 Terms

1
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Computation of net cash flow generated by investing activities.

  • Cash Inflows from Investing−Cash Outflows for Investing

  • Sale of equipment - purchase of investments

2
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Computation of net cash flow generated by operating activities.

  • Cash Inflows from Operations−Cash Outflows for Operations

  • Service fee - payments of salary

3
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Computation of net cash flow generated by financing activities.

  • Cash Inflows from Financing−Cash Outflows for Financing

  • Owners investment - owners withdrawal

4
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Computation of assets.

  • - = Liabilities + Equity


5
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Computation of liabilities.

  • - = Assets – Equity

6
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How to compute Cost of Goods Sold?

  • - = Beginning Inventory + Net Purchases + Freight In – Ending Inventory

7
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How to compute Net Sales?

  • - = Sales – Sales Returns – Sales Discounts

8
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How to compute Owner’s Equity?

  • - = Assets - Liabilities

9
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