The Statement of Cash Flows Summarizes Transactions That Caused Cash

question 117

True/False

The statement of cash flows summarizes transactions that caused cash and cash equivalents to change during a reporting period.

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Definitions:

Analyze

The process of examining something methodically and in detail, typically for purposes of explanation and interpretation.

Audience

The group of people who gather to watch, listen to, or read something, such as a performance, speech, or written work.

Purpose

The purpose behind something's creation, action, or existence.

Persuasion

Persuasion is a communicative attempt to influence the beliefs, attitudes, intentions, motivations, or behaviors of others through argument, appeal, or discussion.