There are five important steps to preparing a statement of cash flows. Rank the steps in order from first to last i Instructions Compute net cash from or for operating activities. Compute the net cash from all sources; then prove it by adding it to beginning cash to get ending cash. Compute net cash from or for financing activities. Compute the net increase or decrease in cash. Compute net cash from or for investing activities.

In preparing a cash flow statement , the ranking of the steps will be computing the net increase or decrease in cash and the final step will be computing the net cash flow by combining net cash provided.

What does a cash flow statement serve as?

A cash flow statement's goal is to give a thorough account of what happened to a company's cash over a given time period, also referred to as the accounting period. Based on how much money is coming into and going out of the company, it shows how well a company can operate both short- and long-term.

Why is a cash flow statement crucial?

An entity's cash flow statement (CFS) contains important data. It displays the flow of cash into and out of a business. It aids shareholders and investors in comprehending how much cash a corporation is generating and spending.

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