Calculating and interpreting cash flows. Yahoo, Inc., is an Internet service provider. The changes in its balance

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Calculating and interpreting cash flows. Yahoo, Inc., is an Internet service provider. The changes in its balance sheet accounts for two recent years appear below (amounts in thousands):

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a. Prepare columnar work sheets for the statement of cash flows for Year 8 and Year 9. Yahoo, Inc., did not declare or pay dividends during either year. It sold marketable securities during Year 9 at no gain or loss.

b. Prepare a statement of cash flows for Year 8 and Year 9. The balance in cash was \(\$ 33,547\) at the end of Year 8 and \(\$ 62,538\) at the end of Year 9.

c. Discuss the relation between net income and cash flow from operations and the relation between cash flow from operating, investing, and financing activities during the two years.

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