The Main Purpose of the Statement of Cash Flows Is

question 149

Multiple Choice

The main purpose of the Statement of Cash Flows is:

• A) determine the change in cash during the period.
• B) list the cash inflows and outflows by meaningful cash flow category.
• C) disclose the quality of earnings.
• D) explain why the balance sheet accounts changed during the year.

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Definitions:

Internal Search

The process by which individuals recall information from memory to make a decision, often used in the context of consumer behavior.

External Search

The process by which consumers look for information outside of their personal knowledge base to make a purchase decision.

Prior Experience

refers to the knowledge or skill that a person has gained before the current point in time or event.

TV

Short for television, a telecommunication medium used for transmitting moving images and sound, serving as a primary source of entertainment, news, and information.