Answered: What is the main purpose of a cash flow…

What is the main purpose of a cash flow statement?a) To report profits and lossesb) To show changes in equityc) To report cash inflows and outflowsd) To show the company's assets

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 17MCQ

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Question

What is the main purpose of a cash flow statement?
a) To report profits and losses
b) To show changes in equity
c) To report cash inflows and outflows
d) To show the company's assets

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