This assignment covers constructing and analyzing statement of cash flows. Demonstration (showing the work) and Resultant Answer. Assignments: CHAPTER 2: #28 parts a,c, and c only Statement of cash flows 28. Refer to the following financial statements for Crosby Corporation attached below. a. Prepare a statement of cash flows for the Crosby Corporation using the general procedures indicated in Table 2-10. b. Describe the general relationship between net income and net cash flows from operating activities for the firm. c. Has the buildup in plant and equipment been financed in a satisfactory manner? Briefly discuss. Block, S., Hirt, G., & Danielsen, B. (2013). Foundations of financial management (16th Ed). Retrieved from http://online.vitalsource.com
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