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QUESTION 6 .Which of the following is the first step in preparing the statement of cash flows? 1.Determine the net cash provided by operating activities.

QUESTION 6

.Which of the following is the first step in preparing the statement of cash flows?
1.Determine the net cash provided by operating activities.
2.Determine the net increase (decrease) in cash.
3.Determine net cash provided by investing and financing activities.
4.Determine the net income.

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