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
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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
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.