The objective of the statement of cash flows is to account for the change in an organization's cash balance during a given accounting period.

Name: The objective of the statement of cash flows is to account for the change in an organization's cash balance during a given accounting period.
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Question

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The statement of cash flows is designed to provide information on how an organization's cash balance changes over a specific period due to operating, investing, and financing activities.

The Objective of the Statement of Cash Flows Is to Account