Which of the following is incorrect about the statement of cash flows?a. It is the third basic financial statement.b. It provides information about cash receipts and cash payments of an entity during a period.c. It reconciles the ending cash account balance to the balance as per the bank statement.d. It provides information about the operating, investing and financing activities of the business.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is incorrect about the statement of cash flows?a. It is the third basic financial statement.b. It provides information about cash receipts and cash payments of an entity during a period.c. It reconciles the ending cash account balance to the balance as per the bank statement.d. It provides information about the operating, investing and financing activities of the business.

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