The Statement of Cash Flows may be superior to the cash budget as a performance evaluation measure because

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The Statement of Cash Flows is superior to the cash budget as a performance evaluation measure because it arranges cash flows by activities, allowing for a more detailed analysis of where cash is coming from and where it's going. The cash budget, on the other hand, only provides a forecast of cash inflows and outflows based on the accrual basis, and does not include capital investments.

The Statement of Cash Flows May Be Superior to the Cash