The statement of cash flows is designed to ________.
A)reconcile the differences between the beginning and ending balances in the cash account
B)reconcile the differences between net income and the ending cash balance
C)explain the difference between the sources and uses of cash
D)explain the changes in assets

Question

Quizplus · Accepted Answer

The statement of cash flows is designed to reconcile the differences between the beginning and ending balances in the cash account by detailing the cash inflows and outflows from operating, investing, and financing activities.

The Statement of Cash Flows Is Designed to ________