1.What is the purpose of the statement of cash flows?

2.In what order is the information provided on the statement of cash flows?

3.Which items are recorded as operating, investing, and financing activities on the statement of cash flows?

4.What is the direct method of reporting cash flows from operating activities?

5.What are the advantages of using the direct method?

6.What is the indirect method of reporting cash flows from operating activities?

7.What are the advantages of using the indirect method?

8.Which method of presenting the cash flow statements - direct or indirect - is used most often in the U. S.

9.What is a cash cow? How is it calculated?