The three-step analysis to determine cash provided or used by financing activities includes:
1. Identify changes in investing accounts.
2. Do explain the changes.
3. Do report the cash flow effects.
<h3>Why is financing activities important?</h3>
The details of financing activities are known to be vital for both investors as well as debt providers for the company. All financial activity entails money.
Therefore, note that The three-step analysis to determine cash provided or used by financing activities includes:
1. Identify changes in investing accounts.
2. Do explain the changes.
3. Do report the cash flow effects.
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