A statement of cashflow is
A)not required for publicly traded companies.
B)not required for privately held companies.
C)is required for both publicly traded and privately held companies.
D)not required for both publicly traded and privately held companies.

Question

Quizplus · Accepted Answer

A statement of cash flows is required for both publicly traded and privately held companies as part of their financial reporting. This statement provides essential information about the cash inflows and outflows of a company over a specific period, helping stakeholders understand its liquidity and financial health.

A Statement of Cashflow Is