“Empower yourself and realize the importance of contributing to the world by living your talent. Work on what you love. You are responsible for the talent that has been entrusted to you.” Cash inflows and outflows are determined by analyzing all balance sheet accounts other than the cash and cash equivalent accounts. The following account balance changes indicate cash inflows:
Cash outflows are indicated by the following account balance changes:
As an Accountant it is important to remember that three techniques may be used to prepare the statement of cash flows:
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