The purpose of the statement of cash flows is to report cash receipts (inflows) and cash payments (outflows) during a period.

Name: The purpose of the statement of cash flows is to report cash receipts (inflows) and cash payments (outflows) during a period.
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This is the correct definition of the purpose of the statement of cash flows. It specifically focuses on cash transactions, as opposed to non-cash transactions that may be included in other financial statements.

The Purpose of the Statement of Cash Flows Is to Report