Direction: Answer the following questions on a separate sheet of paper. 1. What is statement of cash flows? Briefly explain.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
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Activity 6: Answer Me
Direction: Answer the following questions on a separate sheet of paper.
1. What is statement of cash flows? Briefly explain.
2. Explain the three activities under cash flows statement.
3. Discuss the differences between the direct and indirect method of presenting
cash flows from operating activities.
Transcribed Image Text:Activity 6: Answer Me Direction: Answer the following questions on a separate sheet of paper. 1. What is statement of cash flows? Briefly explain. 2. Explain the three activities under cash flows statement. 3. Discuss the differences between the direct and indirect method of presenting cash flows from operating activities.
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