1. In comparison to investing and financing activities, it is often said that cash from operating activities must be main source of cash to achieve long term success of the company. Do you agree or disagree with this stater In your own words, give reason or reasons to support your answer taking into consideration the possible consequences of the cash being provided by any of the other two activities over the long run.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. In comparison to investing and financing activities, it is often said that cash from operating activities must be the
main source of cash to achieve long term success of the company. Do you agree or disagree with this statement?
In
your own words, give reason or reasons to support your answer taking into consideration the possible
consequences of the cash being provided by any of the other two activities over the long run.
2. Prepare a complete statement of cash flows for October 2021 using the indirect method based on the information
and guidance provided above.
Transcribed Image Text:Requirements 1. In comparison to investing and financing activities, it is often said that cash from operating activities must be the main source of cash to achieve long term success of the company. Do you agree or disagree with this statement? In your own words, give reason or reasons to support your answer taking into consideration the possible consequences of the cash being provided by any of the other two activities over the long run. 2. Prepare a complete statement of cash flows for October 2021 using the indirect method based on the information and guidance provided above.
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