The statement of cash flows is not used to:
A) assess the ability of an entity to generate cash.
B) help predict future cash flows.
C) check the accuracy of past assessments of future cash flows.
D) indicate significant changes in asset, liability and equity accounts for the year.

Question

Quizplus · Accepted Answer

The statement of cash flows does not indicate significant changes in asset, liability and equity accounts for the year. It only shows the sources and uses of cash for a period of time.

The Statement of Cash Flows Is Not Used To