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Intermediate Accounting
Curtis L. Norton, Northern Illinois University
Michael Diamond, University of Southern California
Donald Pagach, North Carolina State University
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Learning Objectives
Chapter 19: Revisiting the Statement of Cash Flows
- Describe how the activities of a business are reflected and categorized
in the statement of cash flows.
- Distinguish between the direct and indirect methods of preparing
the cash flows from operating activities section of the statement of cash
flows.
- Prepare a full statement of cash flows using both the indirect and
the direct methods.
- Describe how the statement of cash flows can be used to analyze
liquidity and risk, and explain how product life cycles affect cash flows.
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