The net cash inflow or outflow for the year is the same amount as the increase or decrease in cash and cash equivalents for the year.

Name: The net cash inflow or outflow for the year is the same amount as the increase or decrease in cash and cash equivalents for the year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because the net cash inflow or outflow represents the net change in cash and cash equivalents for the year, which is reflected in the increase or decrease of these accounts on the balance sheet.

The Net Cash Inflow or Outflow for the Year Is