Will Hardin, the owner-president of Computer Services Company, is unfamiliar with the statement of cash flows that

Question:

Will Hardin, the owner-president of Computer Services Company, is unfamiliar with the statement of cash flows that you, as his accountant, prepared. He asks for further explanation.

Instructions
Write him a brief memo explaining the form and content of the statement of cash flows as shown in Illustration 17-13 (pages 790–791).