The Primary Objective of the Statement of Cash Flows Is

question 1

Multiple Choice

The primary objective of the statement of cash flows is to ________.

• A) provide information about a company's cash receipts and cash payments for operating, financing, and investing activities over a period of time
• B) disclose changes in asset and equity accounts over a period of time
• C) disclose changes in working capital over a period of time
• D) provide information about a company's cash-basis revenue and expenses activities over a period of time

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Overseas Operations

Business activities or functions that are conducted in foreign countries, away from the company's home country.