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1) Please explain the purpose of the Statement of Cash Flows....2) On the example of Statement of Cash Flows in my textbook it has Depreciation Expense. The text states this is an adjustment because the use of a fixed asset requires no use of cash.,,,,Could you please explain that sentence to me. I do not understand the explanation.3) Owner Drawings is that a DR or CR account?

1) Please explain the purpose of the Statement of Cash Flows....2) On the example of Statement of Cash Flows in my textbook it has Depreciation Expense. The text states this is an adjustment because the use of a fixed asset requires no use of cash.,,,,Could you please explain that sentence to me. I do not understand the explanation.3) Owner Drawings is that a DR or CR account?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1) Please explain the purpose of the Statement of Cash Flows....
2) On the example of Statement of Cash Flows in my textbook it has Depreciation Expense. The text states this is an adjustment because the use of a fixed asset requires no use of cash.,,,,Could you please explain that sentence to me. I do not understand the explanation.

3) Owner Drawings is that a DR or CR account?

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