The statement of cash flows will NOT report:
A)cash payments in the current year.
B)cash receipts in the current year.
C)noncash investing and financing activities.
D)revenues and expenses for the current year.

Question

Quizplus · Accepted Answer

The statement of cash flows only reports cash inflows and outflows, including cash payments and receipts, as well as noncash investing and financing activities. It does not report revenues and expenses, which are reported on the income statement.

The Statement of Cash Flows Will NOT Report