3. What is the relationship between cash flows from operations and Income for the year of...

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Accounting

3. What is the relationship between cash flows from operationsand Income for the year of the statement?
4. Explain the difference between the direct method and theindirect method of disclosing cash flows from operations.
5. Do you believe that cash inflows and outflows associated withnonoperating items such as interest expense, interest revenue, anddividend revenue, should be separated from operating cash flows?Explain.

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3 Income for the year can be easily told as the mathematical accuracy of all the incomes put together including noncash income that forms a part of the entitys income for the year less expenses including any loss or noncash expenditure that pertains to the year Cash flow from operating activities refers to the original cash in and outflow of an entity thereby excluding the noncash expenditures and noncash See Answer

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