The untrue statement is:

Question

Quizplus · Accepted Answer

The statement of cash flows and cash budget serve different purposes. The statement of cash flows reports on the sources and uses of cash over a specific period, while the cash budget projects future cash inflows and outflows. Therefore, option D is the untrue statement since it suggests that the statement of cash flows duplicates the function of the cash budget. The other options are correct statements as they reflect the information that can be obtained from the statement of cash flows, such as the causes of cash changes, effects of operating activities, and trends over several years.

The untrue Statement Is