Which statement is correct?
A)Cash flows are grouped by operating, investing and financing activities.
B)Cash inflows and outflows are netted against each other.
C)Net interest received or paid can be offset in the cash flow statement.
D)Income tax paid does not need to be disclosed.

Question

Quizplus · Accepted Answer

Cash flows are categorized into operating, investing, and financing activities in the cash flow statement.

Which Statement Is Correct