Which of the following is true of the statement of cash flows?
A)It indicates when long-term debt will mature.
B)It reports on the qualitative behavior of the company's performance.
C)It covers a span of time and is dated the same as the income statement.
D)It shows how the profits or losses of the company were generated.

Question

Quizplus · Accepted Answer

The statement of cash flows covers a span of time and is dated the same as the income statement. Option A is incorrect as the maturity of long-term debt is reported in the notes to the financial statements. Option B is incorrect as the qualitative behavior of the company's performance is reported in the management discussion and analysis section of the annual report. Option D is incorrect as the income statement shows how the profits or losses of the company were generated.

Which of the Following Is True of the Statement of Cash