The balance sheet and income statement provide essential information to prepare the cash flow statement. The relationship between these two financial reports with the statement of cash flows may be summarized as follows:

This assignment please. Here is the link I am working with for this assignment: https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001744489/000174448923000216/dis-20230930.htm#iefb04f78647c4ff1bec79f603e36c3da_127

1. Net income (from the income statement) is a measure of operating activities, but the income statement reports net income based on financial accounting, not cash flows. Using the Direct Method of calculating Cash Flows from Operating Activities,  net income is adjusted from an accrual financial accounting measure to determine Cash Flows from Operating Activities.
2. Cash flows from the sale and purchase of long-term assets are reported in the investing activities section.
3. Cash flows from changes in long-term liabilities and owners' equity are reported in the financing activities section.

• Reviewing your corporation's statement of cash flows:  what do you learn about your SEC 10-K company as you view the four financial statements together? Use course resources to explain the purpose of the Statement of Cash Flows.
• How about a conceptual explanation of this report?  What is reported in each of the sections?  What is the statement's purpose and goal?  Why is this report important?  
• Do you see net income from the income statement on your statement of cash flows? Describe the indirect method and how it adjusts net income from an accrual accounting calculation to a cash flow amount.
• What is the primary source of Cash? Operating, financing, or investing activities? Is this a financially healthy way for the corporation to obtain cash flows? What activities provide the healthiest source of cash flows (i.e., operating, investing, or financing activities)?
•