Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   What is the purpose of the statement of cash flows? (https://www.askmehelpdesk.com/showthread.php?t=112480)

  • Jul 22, 2007, 08:03 PM
    paradigm26
    What is the purpose of the statement of cash flows?
    The primare purpose of the statement of cash flows is to...


    a.provide information aout the investing and financial activities during a period.
    b.prove that revenues exceed expenses if there is a net income
    c. provide information about the caseh receipts and cash payments during a period.
    d. facilitate banking relationships.

    Which is correct??
  • Jul 24, 2007, 10:16 AM
    Smith21000
    What do you think?
  • Jul 25, 2007, 07:18 AM
    Smith21000
    The answer is "C". The primary purpose of the cash flow statement is to provide information about the cash receipts and cash payments during an accounting period. Good Job.
  • Jul 25, 2007, 01:52 PM
    Mathandler1
    Sounds good to me, I was more pointing towards c since a did not include operating activities in the answer, but was not 100% sure.

  • All times are GMT -7. The time now is 08:17 AM.