Carlisle Communications is preparing its statement of cash flows.Among other things,this statement will show:
A)net income from operations after taxes.
B)general expenses and operating expenses.
C)cash inflows and cash outflows that resulted from financing activities.
D)the total owners' equity for the firm.

Question

Quizplus · Accepted Answer

The statement of cash flows shows cash inflows and outflows from operating, investing, and financing activities. Therefore, choice C is the best option as it correctly identifies one of the main components of the statement. A, B, and D are not accurate as net income from operations after taxes is shown on the income statement, general and operating expenses are already accounted for in determining net income, and the total owner's equity is shown on the balance sheet.

Carlisle Communications Is Preparing Its Statement of Cash Flows