The statement of cash flows provides information that not only shows the sources and uses of cash but also helps both investors and creditors predict future cash flows.

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about the sources and uses of cash, as well as the net change in cash balance during a specific period. This information can be helpful for investors and creditors in predicting future cash flows and assessing the liquidity and financial health of a business. Therefore, the statement of cash flows is an important financial statement that can provide valuable insights into a company's operations and financial position.

The Statement of Cash Flows Provides Information That Not Only