Question
1)Please compare and contrast an income statement with a cash flow statement. 2)Discuss why operating activities uses net income and investing and financing activities do
1)Please compare and contrast an income statement with a cash flow statement.
2)Discuss why operating activities uses net income and investing and financing activities do not.
3)Explain why inventory transactions are in the operating section instead of the investing section.
4)What do you think about the value or an income statement versus a cash flow statement? Which is more valuable? Why?
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Accounting And Business Ethics An Introduction
Authors: Ken McPhail, Diane Walters
1st Edition
0674018788, 9780415362368
