The Primary Purpose of the Statement of Cash Flows Is

question 24

Multiple Choice

The primary purpose of the statement of cash flows is to provide information

• A)about a company's cash receipts and cash payments during an accounting period.
• B)about a company's investing and financing activities during an accounting period.
• C)regarding a company's financial position at the end of an accounting period.
• D)regarding the results of operations for a period of time.

---

Definitions:

Group Goals

Objectives that are set and aimed to be achieved by a group working together.

Conscious Effort

The deliberate and intentional allocation of mental or physical energy to achieve a specific goal.

Concern For People

An attitude or approach that prioritizes the well-being, feelings, and needs of others in decision-making or interaction.

Confront

To face or deal with a challenge or obstacle directly, often in a way that involves addressing conflicts or difficult issues.