Any item that appears on the statement of earnings would be considered either a cash inﬂow or cash outﬂow from operating activities.

Name: Any item that appears on the statement of earnings would be considered either a cash inﬂow or cash outﬂow from operating activities.
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Question

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The statement of earnings (or income statement) includes non-cash items such as depreciation and amortization, which affect net income but do not represent actual cash flows from operating activities.

Any Item That Appears on the Statement of Earnings Would