Cash flows is one of the hardest chapters (topics) in thisclass. We cover this towards the end of the class after you obtainsome accounting knowledge. If you have read the chapter orattempted some of the homework, you will know its complexity. Yourtextbook goes into detail on how to prepare as a Statement of CashFlows, so please consider it to answer the following questions:
- What is the main purpose for preparing a cash flowstatement?
- What insights can you obtain from it?
