Asked by
Jhasmin Tonelada
on Nov 13, 2024
Verified
The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash for a period of time.
Cash Receipts
The total amount of cash received by a business during a specified period.
Cash Flows
The net amount of cash and cash-equivalents being transferred into and out of a business, used to evaluate its financial health.
- Understand the components and structure of the statement of cash flows.
- Know the major sources of cash inflows and outflows reported in the statement of cash flows.
Verified Answer
LN
Learning Objectives
- Understand the components and structure of the statement of cash flows.
- Know the major sources of cash inflows and outflows reported in the statement of cash flows.