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CA5-6 (Cash Flow Analysis) The partner in charge of the Kappeler Corporation audit comes by your desk and leaves a letter he has started to the CEO
CA5-6 (Cash Flow Analysis) The partner in charge of the Kappeler Corporation audit comes by your desk and leaves a letter he has started to the CEO and a copy of the cash flow statement for the year ended December 31, 2010. Because he must leave on an emergency, he asks you to finish the letter by explaining: (1) the disparity between net income and cash flow; (2) the importance of operating cash flow; (3) the renewable source(s) of cash flow; and (4) possible suggestions to improve the cash position.KAPPELER CORPORATION Statement of Cash Flows for the Year Ended December 31, 2010Cash flows from operating activities
