The Primary Purpose of the Statement of Cash Flows Is

question 169

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 the cash receipts and cash payments during a period.
• D) facilitate banking relationships.

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Definitions:

Soft Contact Lens

A type of contact lens made from soft, flexible plastics that allow oxygen to pass through to the cornea, providing comfort and corrective vision.

Hearing Aid

A device designed to improve hearing by making sound audible to a person with hearing loss.

Warranty

A guarantee provided by a manufacturer or seller regarding the condition of a product and a promise of repair or replacement within a specified period of time.

Side Rails

Metal or plastic guards that attach to the sides of a hospital bed to prevent patients from rolling out of bed and to assist them in repositioning themselves.