RELATIONSHIP OF THE CASHFLOW STATEMENT WITH OTHER FINANCIAL STATEMENTS
Discuss the interrelationship of the cash flow statement to the other financial statements. In your discussion comment and explain operating activities, investing activities, and financing activities. What is the difference between an indirect and a direct cash flow statement? Which is GAAP?
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The cash flow statement shows the inflow and outflow of cash throughout the specified financial year and it also shows the amount of cash in hand a business has. This amount is also shown on the balance sheet as an asset thus the relationship…
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