{"id":23287,"date":"2020-12-18T07:40:30","date_gmt":"2020-12-18T07:40:30","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=23287"},"modified":"2020-12-18T07:40:30","modified_gmt":"2020-12-18T07:40:30","slug":"we-are-continuing-to-look-at-the-relationship-between-and-among-the-three-required-financial-statements-the-operating-statement-the-balance-sheet-and-the-statement-of-cash-flows-further-we-are-ex","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/12\/18\/we-are-continuing-to-look-at-the-relationship-between-and-among-the-three-required-financial-statements-the-operating-statement-the-balance-sheet-and-the-statement-of-cash-flows-further-we-are-ex\/","title":{"rendered":"We are continuing to look at the relationship between and among the three required financial statements: the operating statement, the balance sheet, and the statement of cash flows. Further, we are extending the ability todraw conclusions about the financial condition of an organization based on its financial statements."},"content":{"rendered":"<style type=\"text\/css\"><\/style><h4>We are continuing to look at the relationship between and among the three<br \/>\nrequired financial statements: the operating statement, the balance sheet, and the<br \/>\nstatement of cash flows. Further, we are extending the ability todraw conclusions about<br \/>\nthe financial condition of an organization based on its financial statements.<\/h4>\n<p>we are continuing to look at the relationship between and among the three<br \/>\nrequired financial statements: the operating statement, the balance sheet, and the<br \/>\nstatement of cash flows. Further, we are extending the ability todraw conclusions about<br \/>\nthe financial condition of an organization based on its financial statements. The<br \/>\nspreadsheet that I have asked you to complete for Gotham Meals on Wheels has case data at the top. The financial statements, plus some additional fina<br \/>\nncial statement accounts, are formulated based on those data. If the data change, the statements, once completed, will change as well. While Gotham is not a healthcare organization, strictly speaking, their financial statements illustrate an important set<br \/>\nof concepts. Further, in their attempts at vertical integration, many healthcare organizations have included a mealsOnwheels type of program in their menu of services.<\/p>\n<p>Please be careful when using the template that I have provided. If you want to play<br \/>\naround with itand you shouldsave the original so that you can come back to it if you<br \/>\nwish. I have placed formulae in most of the cells but only data in a few. You should<br \/>\nattempt to complete the financial statements by entering data in the shaded cells where<br \/>\nnoneexist, taking care not to delete formulae! Because I have entered the data given in<br \/>\nthe case for the month of December, some of the statements that derive data from the<br \/>\nDecember balance sheet may be offuntil you complete the statements.<br \/>\nI WANT YOU TO COMPARE IT TO WHAT WAS GOING ON IN THE<br \/>\nMENOTOMY CASE.<br \/>\nBoth organizations face a cash challenge.<br \/>\nWhat happens if you extend the timeframe provided in the case?<br \/>\nAre there patterns in any<br \/>\nof the financial data that you can detect?<br \/>\nCan a balance sheet have a negative cash<br \/>\nbalance?<br \/>\nYou will have only to review what you have already read to tackle this case. Please keep in mind that managers have alternatives and the alternatives are what you should think about when you make comparisons, as well as the conditions that gave rise, in each of the two organizations, to their projected financial conditions as the end of the accounting periods represented in the cases<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>We are continuing to look at the relationship between and among the three required financial statements: the operating statement, the balance sheet, and the statement of cash flows. Further, we are extending the ability todraw conclusions about the financial condition of an organization based on its financial statements. we are continuing to look at the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23287","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>We are continuing to look at the relationship between and among the three required financial statements: the operating statement, the balance sheet, and the statement of cash flows. 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