The basis of measurement used in the Statement of Cash Flows is:
A) accrual;
B) cash and cash equivalents;
C) net present value; d market value.

Question

Quizplus · Accepted Answer

The basis of measurement used in the Statement of Cash Flows is cash and cash equivalents, which represent cash on hand and other highly liquid assets that can be easily converted into cash. Accrual, net present value, and market value are not used as the basis of measurement in the Statement of Cash Flows.

The Basis of Measurement Used in the Statement of Cash