Problem
A. The balance sheet, income statement, and retained earnings statement provide limited information leading to the need for the cash flow statement. explain what the text say about these limitations?
B. List and describe the benefits of the cash flow statement. Which do you believe is the most important? Why?
C. Describe each of the three cash flow classifications.
D. Select the appropriate classifications for each:
a. Interest expense
b. Dividends to stockholders
E. What is the meaning of significant noncash activities? Explain several types of significant noncash activities.