The primary purpose of the statement of cash flows is to
A)provide 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 cash receipts and cash payments during a period.
D)report to Canada Revenue Agency.

Question

Quizplus · Accepted Answer

The statement of cash flows is designed to provide information about a company's cash receipts and cash payments during a specific period, detailing how cash is generated and used in operating, investing, and financing activities.

The Primary Purpose of the Statement of Cash Flows Is