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there are five important steps to preparing a statement of cash flows. rank the steps in order from first to last.

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The ranking of the steps will be computing the net increase or decrease in cash and the final step will be computing the net cash flow by combining net cash provided.

The steps to preparing a statement of cash flows include:

1. Compute the net increase or decrease in cash.

2. Compute and report the net cash provided or used by operating activities.

3. Compute and report the net cash provided or used by investing activities.

4. Compute and report the net cash provided or used by financing activities.

5. Compute the net cash flow by combining net cash provided or used by operating, investing, and financing activities and prove the change.

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