What does a statement of cash flow describe?

Question

Quizplus · Accepted Answer

A statement of cash flow describes the movement of cash receipts and cash payments over a period of time, typically a fiscal year. It provides information on where the business is acquiring its cash and how the cash is being used.

Answer: E
 While option E is relevant to a business's financial performance, it does not accurately describe what a statement of cash flow is. It describes cash inflows, but does not account for outflows or provide a comprehensive overview of a business's financial situation.

What Does a Statement of Cash Flow Describe