Question: Question 3 4 ( 8 points ) Explain how the Balance Sheet and the Statement of Cash Flows connect. For instance: How do you derive

Question

34 (8

points

)

Explain how the Balance Sheet and the Statement of Cash Flows connect. For instance: How do you derive to one through the other in the preparation of the statements? What accounts or mechanisms connect the two statements? Go beyond a one

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sentence answer, but keep answer to the point

(

approx

. 1

paragraph

) .

Marks will be given

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based on correctness, depth and clarity.

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