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    paradigm26's Avatar
    paradigm26 Posts: 3, Reputation: 1
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    #1

    Jul 22, 2007, 08:03 PM
    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??
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
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    #2

    Jul 24, 2007, 10:16 AM
    What do you think?
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
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    #3

    Jul 25, 2007, 07:18 AM
    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.
    Mathandler1's Avatar
    Mathandler1 Posts: 87, Reputation: 2
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    #4

    Jul 25, 2007, 01:52 PM
    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.
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