The statement of cash flows provides answers to all of the following questions except
A)Where did the cash come from during the period?
B)What was the cash used for during the period?
C)What is the impact of inflation on the cash balance at the end of the year?
D)What was the change in the cash balance during the period?

Question

Quizplus · Accepted Answer

The statement of cash flows does not provide information about the impact of inflation on the cash balance at the end of the year. It only reports on the sources and uses of cash during the period and the change in the cash balance.

The Statement of Cash Flows Provides Answers to All of the Following