Question: (1) Explain the value of separating cash flows into operating activities, investing activities and financing activities to financial statement users in analyzing cash flows and

(1) Explain the value of separating cash flows into operating activities, investing activities and financing activities to financial statement users in analyzing cash flows and the company's financial performance and condition.

(2) The following was taken from the 2010 annual report of Kodak Company for years. Interpret the cash flow statement.

Numbers in millions

2010 2009 2008

Net income (687) (209) (442)

Operating activities (214) (132) 132

Investing activities (112) (22) (188)

Financing activities (74) 33 (746)

Net cash for year (400) (121) (802)

Beginning cash 2,024 2,145 2,947

Ending cash 1,624 2,024 2,145

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