The Primary Purpose of the Statement of Cash Flows Is

question 30

Multiple Choice

The primary purpose of the statement of cash flows is to report

• A)a company's investing transactions.
• B)a company's financing transactions.
• C)information about cash receipts and cash payments of a company.
• D)the net increase or decrease in cash.

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Definitions:

Humanity

The quality or condition of being human, often associated with compassion, empathy, and the collective human species.

Prima Facie Duty

Moral duty that is binding unless overridden by a more compelling moral duty.

Moral Requirement

An ethical obligation or duty that individuals are expected to follow based on moral principles or societal norms.

General Happiness

A state of overall well-being and contentment, often considered as a goal of human life.