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    chuckeeebeee's Avatar
    chuckeeebeee Posts: 10, Reputation: 1
    New Member

    May 5, 2007, 08:38 AM
    Which is not a purpose of the Statement od Cash Flows
    Questions is: Which of the following is not one of purposes of the statement of cash flows?
    a. To provide information concerning the business reasons as to what caused the changes in the company's cash and cash equivalents during the accounting period in question?
    b. To provide information about the profitability of the company
    c. To provide information about how a company obtains and uses its cash
    d. To provide information about the cash flows related to operating, investing and financing activities
    e. To provide information about how a company spends its cash

    Thank you for your help in answering this question.
    goldenbutterfly's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
    Junior Member

    May 6, 2007, 09:28 AM
    My answer would be letter B because it's the income statement that provides info on the profitability of the company. All other answers pertain to the cash flow statement.

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