The Primary Purpose of the Statement of Cash Flows Is

question 79

True/False

The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of a company during a period.

---

Definitions:

Domestic Industries

Industries that produce goods or services within a country’s borders, serving the local economy.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression by regulating industry standards and promoting fair wages and hours for workers.

Industrial Output

The total volume of products and services produced by the manufacturing sector of an economy.

Legislation

Laws or statutes enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict various activities.