Question: 19. The first step in cash flow statement analysis should be to: (14) determine operating cash flow drivers. evaluate consistency of cash flows. identify the

19. The first step in cash flow statement analysis should be to: (14) determine operating cash flow drivers. evaluate consistency of cash flows. identify the major sources and uses of cash. 20. Which of the following would be valid conclusions from an analysis of the cash flow statement for Telefnica Group presented in Exhibit 3? (14) Telefnica classifies dividends paid as an operating activity The primary source of cash is operating activities The primary use of cash is financing activities

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