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

Name: The primary purpose of the statement of cash flows is to report all major cash receipts (inflows) and cash payments (outflows) during a period.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The statement of cash flows is indeed used to report all significant cash inflows and outflows that have occurred during a specified timeframe.

The Primary Purpose of the Statement of Cash Flows Is