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Aditya Agarwala
on Nov 15, 2024

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A statement of cash flows' purpose is to:

A) report the earnings of the company for an accounting period.
B) report the financial condition of the company.
C) report the changes in equity for a company.
D) summarize the sources and uses of cash by a company during an accounting period.

Statement of Cash Flows

A report detailing how alterations in balance sheet items and revenues influence the cash and cash equivalents, segmented into operations, investments, and funding activities.

Accounting Period

The period of time for which an income statement is prepared.

Uses of Cash

Refers to the various ways in which a business or individual applies its cash resources, including operational expenses, investment activities, and financing costs.

  • Acquire knowledge on the constituents and arrangement of the statement of cash flows.
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Quade GirouxNov 21, 2024
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