The accuracy of the statement of cash flows can be proved by comparing the cash provided by operating activities with the change in the cash balance.

Question

Quizplus · Accepted Answer

The accuracy of the statement of cash flows is not solely proved by comparing the cash provided by operating activities with the change in the cash balance. It involves reconciling the beginning and ending cash balances by considering all cash inflows and outflows from operating, investing, and financing activities, not just operating activities.

The Accuracy of the Statement of Cash Flows Can Be