Answered: 12. The statement of cash flows should…

12. The statement of cash flows should not be used to evaluate an entity s ability to: (a) earn net income. (b) generate future cash flows. (c) pay dividends. (d) meet obligations

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

12. The statement of cash flows should not be used to evaluate an entity s ability to:
(a) earn net income.
(b) generate future cash flows.
(c) pay dividends.
(d) meet obligations

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