1) Please list and discuss some of the adjustments that must be made to convert Net Income to Net Cash from Operating activities.

2) Which do you consider to be the most important section of the statement of cash flows and why ?

3) What are some of the purposes of the statement of cash flows and how does it help users?

4) Let's say a company buys a piece of equipment by signing a note payable. Which section of the statement of cash flows will this fit into?