Question: a) What is cash Flow Statement and what are the three activities where Sources and Uses are of cash are seen in a company? (8

 a) What is cash Flow Statement and what are the three

a) What is cash Flow Statement and what are the three activities where Sources and Uses are of cash are seen in a company? (8 Marks) b) X & Co had sales of $10,000 in 1997. The cost of goods sold was $6,500, general and administration expenses were $1,000, interest expenses were $500, and depreciation was 5% on the asset value of $20,000. The firm's tax rate is 35%. (12 Marks) 1. What is EBIT? 2. What is Net Income? 3. What is Cash flow from Operation

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