What are the major categories of business activities reported on the statement of cash flows. Define each category and give three different examples of what would fall into each category (total 9 examples). Are there any items that are confusing as to where they might go? Compare the purposes of the income statement, balance sheet, and statement of cash flows. If you were an investor and could only choose one financial statement to review, which statement would it be and why?

What are the major categories of business activities reported on the statement of cash flows. Define each category and give three different examples of what would fall into each category (total 9 examples). Are there any items that are confusing as to where they might go? Compare the purposes of the income statement, balance sheet, and statement of cash flows. If you were an investor and could only choose one financial statement to review, which statement would it be and why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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