1. What is the purpose of a Statement of cash flows? Why is cash important to a business? 2. How is cash defined for the purpose of a Statement of cash flows? 3. How are cashflows in a Statement of cash flows classified? 4. Define the following and provide some examples: - Operating activities, - Investing activities, and - Financing activities. How are cash inflows and outflows of interest and dividends classified in the Statement of cash flows? How can an entity present operating cashflows? What about investing and financing cashflows? Distinguish the direct method from the indirect method in relation to operating cashflows