Explain what we mean by noncash activities

Reference no: EM131522152

Question: 1. Explain what we mean by noncash activities and provide an example.

2. Why is it necessary to use an income statement, balance sheet, and additional information to prepare a statement of cash flows?

3. Describe the basic format used in preparing a statement of cash flows, including the heading, the three major categories, and what is included in the last three lines of the statement.

Reference no: EM131522152

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