(Answered) Gaap requires the statement of cash flows be presented when

Accounting

GAAP requires the statement of cash flows be presented when financial statements are prepared.

(a) Explain the purposes of the statement of cash flows.

(b) List and describe the three categories of activities that must be reported in the statement of cash flows.

(d) Describe the financial statement presentation of noncash investing and financing transactions.

Include in your description an example of a noncash investing and financing transaction.

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