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Define cash and cash equivalent, operating, investing and financing activities. Identify the main difference between the direct and indirect methods of reporting cash flows. List

  1. Define cash and cash equivalent, operating, investing and financing activities.
  2. Identify the main difference between the direct and indirect methods of reporting cash flows.
  3. List at least five non-cash items that are adjusted for under operating activities.
  4. Explain howa dividend and interest received should be treated in preparing the Statement of Cash Flows.

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