Its statement of cash flows tells a business only where its cash was spent.

Name: Its statement of cash flows tells a business only where its cash was spent.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement of cash flows shows where a business's cash came from (cash inflows) and where it went (cash outflows), not just where it was spent. It includes three sections: cash flows from operating activities, investing activities, and financing activities.

Its Statement of Cash Flows Tells a Business Only Where