MBA Finance

MBA - Finance exam 2023 with 100% correct answers Last document update:   ago

Purpose of statement of cash flows adjusts net income to reflect cash flows Statement of Cash Flows upward revision Increase in A/P, reduces net income via operating expense. Recognizes that cash has not been spent to pay for expense, adjusts net income upward. Statement of Cash Flows downward revision Increase in A/R. Shows that cash has not been received, thus adjusts net income downward three segments of cash flow statement operating, investing, financing activities ...