Which activities involve the cash effects of transactions that enter into the determination of net income?
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Subject 1. Classification of Cash Flows and Non-Cash Activities the company's liquidity, solvency, and financial flexibility.
Cash receipts and cash payments during a period are classified in the statement of cash flows into three different activities:
<span>These involve the cash effects of transactions that enter into the determination of net income and changes in the working capital accounts (accounts receivable, inventory, and accounts payable). Cash flows from operating activities (CFOs) reflect the company's ability to generate sufficient cash from its continuing operati
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