Question: [Post First Discussion] Module 8 Post At Enter Your Name/Module 8 in the Text Box This is a required activity. You must post before viewing
[Post First Discussion] Module 8 Post At Enter "Your Name/Module 8" in the Text Box This is a required activity. You must post before viewing other student's posts. Answer the lead question. Additionally, expand the discussion by posting two responses to your peers' posts. Instructor - Lead Question Your client, Ana Serrano, owns a new business. She hired you as her accountant, and you just finished preparing the financial statements for her third year of operations. Serrano finds the income statement and balance sheet informative, but she does not understand the statement of cash flows. She says the first section is especially confusing because it contains a lot of additions and subtractions that do not make sense. Serrano tells you, 'The income statement tells me the business is more profitable than the last two years. That is the most important information since my bank account shows I have enough cash. What's the point of the statement of cash flows? Required: Write a professional email to your client explaining (1) the purpose of the statement of cash flows and (2) clarifying the confusing additions and subtractions in the firs section of the statement
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