Explain what is the purpose of a statement of cash flows

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Reference no: EM131959341

Problem

Answer these there questions with your own words.

1- What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement?

2- Net income for the year for Carrie, Inc. was $850,000, but the statement of cash flows reports that cash provided by operating activities was $960,000. What might account for the difference?

3- Differentiate between operating activities, investing activities, and financing activities.

Reference no: EM131959341

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