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Dawson Gustafson
on Nov 13, 2024

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Which of the following steps is not required in preparing the statement of cash flows?

A) Determine the net change in cash.
B) Determine the net cash provided by operating activities.
C) Determine cash from investing and financing activities.
D) Determine the change in current assets.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financing activities.

Operating Activities

Activities that are directly related to the primary business operations, such as selling goods and services.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, reflected in a company's cash flow statement.

  • Identify the distinctions among operating, investing, and financing cash flows and recognize their relevance.
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TJ
Tacara JacksonNov 20, 2024
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