Which of the Following Are Limitations of a Statement of Cash

question 31

Multiple Choice

Which of the following are limitations of a statement of cash flows?
I. Only past cash flows are reported
II. Cash flows can be manipulated,e.g. postponing expenditures
III. Non-cash transactions can be significant in affecting future investing and financing cash flows

• A) I and II only
• B) II and III only
• C) I, II and III
• D) None are considered limitations.

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