The statement of cash flows is designed to explain the causes of changes in the cash account during the period that resulted from the inflows and outflows of cash.

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about the sources and uses of cash during a given period, including operating activities, investing activities, and financing activities, in order to explain the changes in the cash account.

The Statement of Cash Flows Is Designed to Explain the Causes