When the total cash inflows exceed the total cash outflows, Accounting Basics

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When the total cash inflows exceed the total cash outflows

Question: 1. When the total cash inflows exceed the total cash outflows in the statement of cash flows, how and where is this excess identified?

2. Describe the indirect method for determining net cash provided (used) by operating activities.

3. Why is it necessary to convert accrual-basis net income to cash-basis net income when preparing a statement of cash flows?

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Accounting Basics: When the total cash inflows exceed the total cash outflows

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Accounting Basics: When the total cash inflows exceed the total cash outflows

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