Chapter IE, Problem 17IE

1.

To determine

Operating activities are the normal, routine, and day-to-day business activities of the company from which the company earns a profit. The amount of the cash flow arising from operating activities is a key indicator of the extent to which the operations of the company have generated cash.

Net cash provided by operating activities

2.

To determine

The statement of cash flows records all of the sources and uses of cash in the business over a given time period. Cash activities are classified into three types: operating activities, investing activities, and financing activities.

Budgeted statement of cash flows for the year ended December 31, 2022