Operating Activities: describe where Net Income is shown on the statement of cash flows and state the amount. refer back to the income statement to verify the amounts reported for Net Income are equal.
Operating Activities Reviewing your corporation’s statement of cash flows: what do you learn about your SEC 10-K company as you view the four financial statements together? Do you see net income from the income statement on your statement of cash flows? Can you recalculate the amounts reflected as changes in current assets and current liabilities … Read more