CFO Operations – Cash Flows,”All flows related to producing and selling the firm’s product – customer cash, raw materials, operating expenses, taxes.Methods of Calculation (2):1. Indirect2. DirectStart with net income, add back the non-cash expenses from the income statement and then adjust for changes in the operating accounts on the comparative balance sheet. For convenience

CFO Operations – Cash Flows,”All flows related to producing and selling the firm’s product – customer cash, raw materials, operating expenses, taxes.Methods of Calculation (2):1. Indirect2. DirectStart with net income, add back the non-cash expenses from the income statement and then adjust for changes in the operating accounts on the comparative balance sheet. For convenience

we repeat it in Table 2-3.”