What types of activities are included in data evaluation?

Give short answers for the following questions:

i.Define ‘Accounting’.
ii.Explain the primary objectives of accounting.
iii.Discuss the limitations of accounting.
iv.What types of activities are included in data evaluation?
v.Outline the main functions of accounting considering thefollowing groups;
?Lenders
?Employees
?Customers
Please suggest information that each one is likely to need fromaccounting
statements and reports.

a) When preparing a Statement of Cash Flows using theindirect method, the Operating Activities section beginswith NetIncome. Why? (Hint: Don't just explain what happens in theoperating section, explain WHY this section begins with the netincome recorded in the Income Stmt).

b) What types of activities should be included intheInvesting Activities section? Give some specific examples tosupport your answer.

c) Why types of activities should be included intheFinancing Activities section? Give some specificexamples tosupport your answer.

Cash transactions that primarily affect the current assets and current liabilities are included in the cash flow statement at the operating activities section. True or False?