1-Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?
2-Two popular methods of financial statement analysis are horizontal analysis and vertical analysis. What are the differences between these two methods?
3-Why do corporations buy back their own stock? What does it tell you about the corporation? What effect does the purchase have on the price of a company's stock?