Your banker confides to you after looking at a number
Your banker confides to you after looking at a number of financial statements that she is confused about the difference between two operating measures, net income and cash from operations.

.:.
Required:
a. Explain the purpose and significance of these two operating measures.
b. Several financial transactions or events follow. For each transaction or event, indicate whether it yields an increase (+), decrease (–), or no effect (NE) on each of the two measures.

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