All the expenses of a firm need to be included in the cash flow statement.

Name: All the expenses of a firm need to be included in the cash flow statement.
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Question

Quizplus · Accepted Answer

The cash flow statement shows the inflow and outflow of cash in a business over a particular period of time. In order to accurately reflect the cash flow of a business, all expenses (including operating expenses, interest payments, taxes, etc.) need to be included in the statement.

All the Expenses of a Firm Need to Be Included