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

a) When preparing a Statement of Cash Flows using the indirect method, the Operating Activities section begins with 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 Statement. A careful review of the text and the other course resources will yield a correct answer to this question).

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

c) Why types of activities should be included in the Financing Activities section? Give some specific examples to support your answer.

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