The Chief Operating Officer where you work does not understand why the company should waste their time in preparing the statement of cash flows. He wants to have a better understanding of this financial statement and asks you to do the following:Grad
The Chief Operating Officer where you work does not understand why the company should waste their time in preparing the statement of cash flows. He wants to have a better understanding of this financial statement and asks you to do the following:Grading Criteria15%Select two companies in the same industry and use the Internet to find their current statement of cash flows; provide citations for both.15%Which method does each company use when calculating the net cash provided by operating activities?15%What was the most significant item reported by each company in their investing section and in their financing section?15%What were each companies trends in net cash provided by operating activities during this period of time?20%Additional research supporting the initial answer to the IP by using references which are cited in the IP20%Justified ideas and responses by using appropriate examples or personal experience.