What is the primary purpose of a Statement of Cash Flows? a) To report on a company's financial position b) To summarize revenue and expenses c) To show the company's cash inflows and outflows d) To report changes in retained earnings

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 17MC: Which statement is most directly affected by a change to net income? A. balance sheet B. income...
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What is the primary purpose of a Statement of
Cash Flows?
a) To report on a company's financial position
b) To summarize revenue and expenses
c) To show the company's cash inflows and
outflows
d) To report changes in retained earnings
Transcribed Image Text:What is the primary purpose of a Statement of Cash Flows? a) To report on a company's financial position b) To summarize revenue and expenses c) To show the company's cash inflows and outflows d) To report changes in retained earnings
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