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2 (20 marks) Imagine that you are the CFO (Chief Financial Officer) of your own company. Required: a) Provide enough information to generate the Statement
2 (20 marks) Imagine that you are the CFO (Chief Financial Officer) of your own company. Required: a) Provide enough information to generate the Statement of Cash Flows that corresponds only to the calculation of the net cash flows from operating activities using the indirect method. You would need to prepare the cash flow from operating activities table considering the following requirements: Give a name to the company and define its business activity. Use a minimum of 6 elements to create the statement of cash flows from operating activities. Explain in detail the Statement of Cash Flows importance and the allocation of each account within the Cash Flow Statement that you have created. (12 marks) b) Considering the information from a) and your own results for the net cash flows from operating activities, which would be your advice for this imaginary company as the Chief Financial Officer? (8 marks)
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