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What is the purpose of a statement of cash flows? How does itdiffer from a balance sheet and an income statement?
Describe the purpose of the statement of cash flows. Identifythe major classifications of cash flows. Summarize the principalpresentation, reporting, and disclosure requirements for thestatement of cash flows. Explain the use of a worksheet inpreparing a statement of cash flows.
Post a substantive response to the question (minimum250-300 words).
Please answer these there questions with your own words. Thankyou!
1- What is the purpose of a statement of cash flows? How does itdiffer from a balance sheet and an income statement?
2- Net income for the year for Carrie, Inc. was $850,000, butthe statement of cash flows reports that cash provided by operatingactivities was $960,000. What might account for the difference?
3- Differentiate between operating activities, investingactivities, and financing activities.
