Respond to financial reporting and analysis statements


Problem: Respond to Financial reporting and analysis statements

Statement 1: Please respond the below statement:

Cash is the most liquid form of asset that is listed on the balance sheet under current asset category. Not only does it include cash in monetary form, but also other short-term marketable securities, and other cash equivalents. On the statement of cash flows, net cash is computed as the difference between beginning cash balance and end cash balance. (Attached)

Respond in 200 words and reference

Statement 2: The statement of cash flows provides information on the cash inflows and outflows for the company during a period. It is one of the four main financial statements issued by a company. The statement of cash flows is comprised of three sections: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. The information provided in the statement of cash flows is obtained from the balance sheet, income statement, and other transactions. (Attached)

Respond in 200 words and reference.

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Accounting Basics: Respond to financial reporting and analysis statements
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