The Primary Purpose of the Statement of Cash Flows Is

question 8

Multiple Choice

The primary purpose of the statement of cash flows is to

• A)provide information about the investing and financing activities during a period.
• B)prove that revenues exceed expenses if there is a profit.
• C)provide information about cash receipts and cash payments during a period.
• D)report to Canada Revenue Agency.

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Definitions:

Criminal Law

A body of law that deals with crime and the legal punishment of criminal offenses.

Work Time

Periods during which an employee is formally engaged in their work duties and responsibilities.

Violations

Acts that break the terms of a law, contract, or agreement.

Punishable

Describing actions or offenses that can lead to legal penalties or sanctions according to the law.