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In your own words, Explain the purpose of the Cash Flow Statement and identify at least two questions the statement is used to answer. Describe
In your own words,
- Explain the purpose of the Cash Flow Statement and identify at least two questions the statement is used to answer.
- Describe both the direct method and with the indirect method of reporting cash flows from Operating Activities, which method would your prefer and why?
- Identify two items that would appear in the Operating Activities section of a cash flow statement.
- Identify two items that would appear in the Investing Activities section of a cash flow statement.
- Identify two items that would appear in the Financing Activities section of a cash flow statement.
- Identify two items that would appear in the Noncash Investing and Financing Activities section of a cash flow statement.
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