ACCT557/ACCT 557 WEEK 6 DISCUSSION 1

ACCT 557
WEEK 6
Let- start with the basics. What is the purpose of the statement of cash flows? Why would we want to convert accrual basis net income to cash basis when creating the statement of cash flows? Differentiate between these three activities: a) operating, b) financing, and c) investing. Provide at least two unique examples for each category (don’t repeat what your classmates have listed).

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