The statement of cash flows cannot be used to determine:
A)changes in working capital.
B)expenditures on long-term assets.
C)profitability as measured by specific revenues and expenses.
D)reliance on external financing.

Question

Quizplus · Accepted Answer

The income statement (rather than the statement of cash flows)provides information on the profitability as measured by specific revenues and expenses.

The Statement of Cash Flows Cannot Be Used to Determine