The primary purpose of the statement of cash flows is to report
A)a company's investing transactions.
B)a company's financing transactions.
C)information about cash receipts and cash payments of a company.
D)the net increase or decrease in cash.

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about a company's cash receipts and cash payments during a specific period, detailing how cash is generated and used in operating, investing, and financing activities.

The Primary Purpose of the Statement of Cash Flows Is