The statement of cash flows does not report why cash increased or decreased during the period.

Name: The statement of cash flows does not report why cash increased or decreased during the period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement of cash flows is specifically designed to report the reasons for changes in cash over a period, categorizing cash flows into operating, investing, and financing activities to explain why cash increased or decreased.

The Statement of Cash Flows Does Not Report Why Cash