Question: Questions 1 (Marks 4) What is cash flow statement, what are three main activities which are included in the cash flow statement? Explain all these

Questions 1 (Marks 4) What is cash flow statement, what are three main activities which are included in the cash flow statement? Explain all these activities, what items are included in them how cash flow statement can be used to understand the performance a business. Question 2: (Marks 4) What is cost of goods sold, how to calculate cost of goods sold for manufacturing, merchandising and service business. Why the good sold is important to earn good profit? Instruction: Search these topics from internet or accounting book and write in your own words There should be at least 500 words for question 1 and 500 words in question 2 . This is a hand written assignment (black/blue pen) . Please do not copy and paste, this can lead to zero marks Its important that you understand these two questions carefully, you might be asked about them in final exam

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