question archive The primary purpose of the statement of cash flows is to a
The primary purpose of the statement of cash flows is to a
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The primary purpose of the statement of cash flows is to
| a. |
provide only information about the investing and financing activities during a period. |
|
| b. |
prove that revenues exceed expenses if there is a net income. |
|
| c. |
provide information about the cash receipts and cash payments during a period. |
|
| d. |
facilitate banking relationships. |
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Answer:
Cash Flow Statement ( Statement of Cash Flows) is the statement furnished the cash inflows and cash outflows during the period by resulting the operating, investment and financing activities of the firm.
Cash inflow indicates the cash receipts
Cash outflow indicates the cash payments
The answer is: The primary purpose of the Statement of Cash flows is:
C. Provide information about the cash receipts and payment during a period.
