A statement of cash flows provides a summary of cash inflows and cash outflows during the reporting period.

Name: A statement of cash flows provides a summary of cash inflows and cash outflows during the reporting period.
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Question

Quizplus · Accepted Answer

A statement of cash flows is a financial statement that summarizes the cash inflows and outflows of an organization during a specific period. It is used to track the cash position of a company and to better understand its financial health.

A Statement of Cash Flows Provides a Summary of Cash