In your own words,

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