A Statement of Cash Flows Accomplishes All of the Following

question 136

Multiple Choice

A statement of cash flows accomplishes all of the following EXCEPT:

• A)reveals the ability of the company to pay dividends and interest.
• B)provides information about the cash receipts and cash payments during a period.
• C)lists revenues and expenses.
• D)predicts future cash flows.

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Definitions:

Market

A place or arena where buyers and sellers meet to exchange goods, services, or information, often determining the prices through the forces of supply and demand.

Sellers

Individuals or entities that offer goods or services for sale.

Tax

A mandatory monetary fee or different form of charge placed on a taxpayer by a government entity to finance government operations and assorted public expenses.

Good

A material item or service that satisfies a want or need; can be economic (having monetary value) or free (like air) but is essential for transactions in the market.