For external reporting, a company must prepare either a statement of earnings or a cash ﬂow statement, but not both.

Name: For external reporting, a company must prepare either a statement of earnings or a cash ﬂow statement, but not both.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

For external reporting, a company must prepare both a statement of earnings and a cash flow statement. These two statements provide valuable information about a company's financial performance and health.

For External Reporting, a Company Must Prepare Either a Statement