Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 4

Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method)
New Vision Company completed its income statement and balance sheet for 2013 and provided the following information:

Required:
1. Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method.
2. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts