The statement of cash flows shows a firm's revenues, costs of goods sold, expenses, and net income.

Question

Quizplus · Accepted Answer

The statement of cash flows shows a firm's cash inflows and outflows from operating, investing, and financing activities. It does not show revenues, costs of goods sold, expenses, or net income directly. However, changes in these items can indirectly impact the cash flows reported on the statement of cash flows.

The Statement of Cash Flows Shows a Firm's Revenues, Costs