When watching this video, please be able to answer the following discussion questions:

1)What are the two methods used to prepare a statement of cash flows?

2)Is one method used more frequently that others ?Do both adhere to GAAP ?

3)What year did the statement of cash flows become a REQUIRED statement for public companies?

4)Is the measure of "working capital" a good benchmark for how a company manages cash?

5)Of the three sections of a cash flow statement, which section would be of most interest to a companies investors and bankers?