The Primary Purpose of the Statement of Cash Flows Is

question 152

Multiple Choice

The primary purpose of the statement of cash flows is to

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

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Definitions:

Socializing Function

The process by which individuals learn the norms, values, behaviors, and social skills appropriate to their society.

Mass Media

Various forms of communication technologies and platforms, such as television, radio, newspapers, and the internet, that reach a large audience simultaneously.

Press Releases

Official statements issued to newspapers giving information on a particular matter.

Large Corporations

Mega businesses or companies that operate on a global scale, often having a large impact economically and socially.