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.

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Definitions:

Demotic

Late Egyptian writing.

Rosetta Stone

An ancient Egyptian stone slab bearing inscriptions in three scripts—hieroglyphic, demotic, and Greek—that was the key to deciphering Egyptian hieroglyphs.

Hieroglyphic

A writing system that uses symbols or pictures to denote objects, concepts, sounds, or syllables, most famously used by the ancient Egyptians.

Predynastic

Refers to the period in ancient Egyptian history before the establishment of the first dynasty and written records, characterized by the development of early settlements and cultural practices.