Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?

Which of the following is not a purpose of cash flows statement. Select one: O a. They predict net income. O b. They help evaluate management decisions. c. The predict ability to pay debts or dividends. O d. They predict future flows.

What are the steps necessary to create a statement of cash flows in quickbooks.

Contrast the aims of the income statement, the balance sheet, and the cash flow statement;

Effects of all cash flows affect the balances of various accounts reported in the balance sheet. Also, the activities that cause some of these cash flows are reported in the income statement. What, then, is the need for an additional financial statement that reports cash flows?

Why is it necessary to convert profits (as determined in the income Statement) to cash nows?

Please explain how to prepare a statement of cash flows (indirect method) including analyzing tables? Please provide an example. Thank you,

Does the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.

How could (accurate) balance sheet and incomestatement information be used, along with otherinformation, to make a statement of cash flows?What is the primary purpose of this statement?

can you help me with the last part of the question Indicate whether the transaction increases (+), decreases (–), or increases and decreases (+/-) each element of the financial statements. Also, in the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and leave blank for no effect. The first transaction is recorded as an example. (Not all cells require input.)