1. Indicate the usefulness of the statement of cash flows. 2. Distinguish among operating, investing, and financing activities. 3. Explain the impact of the product life cycle on a company’s cash flows. 4. Prepare a statement of cash flows using the indirect method. 5. Use the statement of cash flows to evaluate a company.
*6. Prepare a statement of cash flows using the direct method.
Summary of Questions by Study Objectives and Bloom’s Taxonomy
