The Principal Purpose of a Statement of Cash Flows Is

question 142

True/False

The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting records on the cash basis.

---

Definitions:

Pleasure

A feeling of happiness, satisfaction, or enjoyment derived from sensory experiences or emotional encounters.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Manic Episode

A period of abnormally elevated or irritable mood, arousal, and/or energy levels, often seen in bipolar disorder.

Unipolar Episode

A period characterized by a severe mood that is consistently in one emotional state (usually depression), without episodes of mania.