The statement of cash flows explains how transactions and events impact the end-of-period cash balance to produce the end-of-period cash balance.

Name: The statement of cash flows explains how transactions and events impact the end-of-period cash balance to produce the end-of-period cash balance.
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Question

Quizplus · Accepted Answer

The statement of cash flows explains how transactions and events impact the cash balance during the period, not just the end-of-period balance.

The Statement of Cash Flows Explains How Transactions and Events