The Primary Purpose of the Statement of Cash Flows Is

question 41

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 net income.
• C)provide information about cash receipts and cash payments during a period.
• D)report to Canada Revenue Agency.

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers, often influenced by price, production capabilities, and other market factors.

Leather

A durable and flexible material created by tanning animal rawhide and skins.

Supply

The total amount of a product or service that is available for purchase at any given time.

Demand

The amount of a product or service buyers are prepared and capable of buying at a specific price.