GCU ACC502 2021 March Week 7 Discussion (dq1+dq2) Latest

Week 7 Discussion DQ1 Select a publicly traded company and access its most recent financial statements, form 10-K. Include the name of the company in your subject line, and do not choose a company about which one of your classmates has already posted. Navigate to the notes to the financial statements and locate the company’s note on their statement of cash flows that was prepared using an indirect method. Discuss an item that was included when calculating net income but is adjusted as an increase or decrease to determine cash provided by (used in/by) operating activities. Specifically an asset, liability, gain, or loss. Include a summary of how that item impacted net income (or net loss) and why an adjustment might be necessary to reconcile net income to net cash flows from operations. Use an item not already used in a classmate’s post, if possible. In your post, include a screenshot of the statement of cash flows you are analyzing. Participate in follow-up discussion by providing additional explanations on line items identified by your classmates.