The statement of cash flows provides answers to all of the following questions except
A) where did the cash come from during the period?
B) what was the cash used for during the period?
C) what is the impact of inflation on the cash balance at the end of the year?
D) what was the change in the cash balance during the period?

Question

Quizplus · Accepted Answer

The statement of cash flows does not provide information on the impact of inflation on the cash balance at the end of the year. It only answers questions related to cash inflows, cash outflows, and changes in the cash balance during the period.

The Statement of Cash Flows Provides Answers to All of the Following