Question: a) When preparing a Statement of Cash Flows using the indirect method, the Operating Activities section beginswith Net Income. Why? (Hint: Don't just explain what

a) When preparing a Statement of Cash Flows using the indirect method, the Operating Activities section beginswith Net Income. Why? (Hint: Don't just explain what happens in the operating section, explain WHY this section begins with the net income recorded in the Income Stmt).

b) What types of activities should be included in theInvesting Activities section? Give some specific examples to support your answer.

c) Why types of activities should be included in theFinancing Activities section? Give some specificexamples to support your answer.

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