The Primary Purpose of the Statement of Cash Flows Is

question 152

Multiple Choice

The primary purpose of the statement of cash flows is to

• A) provide information about the investing and financing activities during the period.
• B) prove that revenues exceed expenses if there is a net income.
• C) provide information about the sources and uses of cash during a period.
• D) facilitate banking relationships.

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Definitions:

Managerial Bias

The tendency of managers to make decisions based on subjective preferences and beliefs rather than objective evidence.

HRM Task

Activities or responsibilities carried out by the Human Resources Management department, such as hiring, training, and employee relations.

Employee Recruitment

The process of attracting, selecting, and hiring suitable candidates for jobs within an organization.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and selecting an individual for employment based on certain criteria.