Posted: September 16th, 2017

Lords of Pain Construction

I have the closing entries prepared after seeing the trial balances, but now I have to do three things:

1) Prepare a classified balance sheet
2) Prepare a multiple-step income statement
3) Cash Flow Statement using the indirect method.

There are similar ways on how to do these through textbooks, but when you turn around and look at another website, they have a completely different method for the same thing, and I’m getting confused. I was wondering if someone here can help me out with these three things. The closing entries are already done, and the two trial balances are on the same spreadsheet. Thanks!

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