question archive The statement of cash flows must be prepared on a daily basis summarizes the operating financing and investing activities of an entity is another name of the income statement is a special section of the income statement

The statement of cash flows must be prepared on a daily basis summarizes the operating financing and investing activities of an entity is another name of the income statement is a special section of the income statement

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The statement of cash flows

must be prepared on a daily basis

summarizes the operating financing and investing activities of an entity

is another name of the income statement

is a special section of the income statement

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Answer:

summarizes the operating, financing and investing activities of an entity

Cash flows are classified as operating, investing, or financing activities on the statement of cash flows, depending on the nature of the transaction.