11) In order to be successful over the long run, the main source of a company's cash must come from __________. 12) Identify the two formats for operating activities on the cash flow statement...

11) In order to be successful over the long run, the main source of a company's cash must come from __________.

12) Identify the two formats for operating activities on the cash flow statement and explain the difference(s).

13) If $10,000 was generated from operations, $4,000 was used for investing activities, and $6,000 was generated from financing activities, how much would the cash balance increase?

14) Identify the three business activities on the cash flow statement and which type of accounts are affected by the cash flows of each.

15) What are the similarities between the direct and indirect methods?

16) What is the difference when comparing net cash provided by operations using the direct method versus indirect method. Explain why this difference exists.