The purpose of the statement of cash flows is to provide information on:
A)profits.
B)net worth.
C)losses.
D)cash inflows and outflows.

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about the cash inflows and outflows of a company, including operating activities, investing activities, and financing activities. It does not directly provide information on profits, net worth, or losses.

The Purpose of the Statement of Cash Flows Is to Provide