Statement of cash flows - General Facts
4 important questions on Statement of cash flows - General Facts
Why is a statement of cash flows useful?
Is a treasury bill with a maturity date in 90 days considered cash or not?
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Name three major adjustments needed to get from net income to the cash spent/accumulated
Adjusting for timing differences in accrual vs. Cash (e.g. revenue not yet received as cash, accumulation of inventory etc.)
Adjusting for gains and losses not part of operations
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