The Main Purpose of the Statement of Cash Flows Is

question 93

Multiple Choice

The main purpose of the statement of cash flows is to:

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

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Definitions:

Cones

Photoreceptor cells in the retina that enable color vision and visual clarity in bright light.

Fovea Centralis

A small depression in the retina of the eye where visual acuity is highest, due to the concentration of cones, specialized for daylight vision, fine detail, and color.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light into electrical signals sent to the brain, allowing for vision.

Aqueous Humor

The clear fluid filling the space in the front of the eyeball between the lens and the cornea.