A statement of cash flows indicates the sources and uses of a firm's cash during a period.

Name: A statement of cash flows indicates the sources and uses of a firm's cash during a period.
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Question

Quizplus · Accepted Answer

The statement of cash flows provides information about the changes in a company's cash balance during a specific period of time, including where the cash came from (sources) and how it was used (uses). Therefore, Statement A is correct.

A Statement of Cash Flows Indicates the Sources and Uses