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There are five important steps to preparing a statement of cash flows. The steps in order from first to last:
1. Compute the net increase or decrease in cash.
2. Compute and report the net cash provided or used by operating activities.
3. Compute and report the net cash provided or used by investing activities.
4. Compute and report the net cash provided or used by financing activities.
5. Compute the net cash flow by combining net cash provided or used by operating, investing, and financing activities and prove the change.
Net Cash: What Is It?
On a company's financial statements, net cash is a sum that is given. It is determined by deducting a company's total cash from its total liabilities. When assessing the cash flows of a corporation, the net cash figure is frequently utilized. Profit is the amount of money left over after all expenses have been paid, whereas cash flow is the net flow of cash into and out of a business. This is the main distinction between cash flow and profit.
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