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1. What is the purpose of the Statement of Cash Flows? 2. Name the three types of cash flow categories reported on the Statement of

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1. What is the purpose of the Statement of Cash Flows? 2. Name the three types of cash flow categories reported on the Statement of Cash Flows. 3. Name two transactions that cause cash to flow in. 4. Name two transactions that cause cash to flow out. 5. Assuming the Indirect method is used, what is the first line in the Operating section of the Cash Flows Statement? 6. Assuming the Indirect method is used, list 4 transactions that would fall into the Operating section of the Cash Flows Statement. 7. Assuming the Indirect method is used, list 2 transactions that would fall into the Investing section of the Cash Flows Statement. 8. Assuming the Indirect method is used, list 3 transactions that would fall into the Financing section of the Cash Flows Statement. 9. Name one Noncash activity and describe where Noncash activities are reported? 10. Define Free Cash Flow

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