Since the Statement of Cash Flows Is So Useful,why Doesn't

question 17

Essay

Since the statement of cash flows is so useful,why doesn't FASB substitute it for the income statement?

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Definitions:

Glycolysis

The metabolic pathway that converts glucose into pyruvate, releasing energy and pyruvic acid, and takes place in the cytoplasm of cells.

Aerobic Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water in the presence of oxygen.

Oxidized

The process of losing electrons during chemical reactions, which can change the chemical structure and properties of substances.

Glucose

A simple sugar that is an important energy source in living organisms and a major component of many carbohydrates.