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Questions and Answers
Which of the following best describes the primary purpose of a statement of cash flow?
Which of the following best describes the primary purpose of a statement of cash flow?
- To provide information about a company's overall financial performance
- To provide information about a company's cash receipts and payments (correct)
- To provide information about a company's assets and liabilities
- To provide information about a company's income and expenses
What type of information does a statement of cash flow primarily provide?
What type of information does a statement of cash flow primarily provide?
- Information about a company's income and expenses
- Information about a company's overall financial performance
- Information about a company's assets and liabilities
- Information about a company's cash receipts and payments (correct)
What is the main function of a statement of cash flow?
What is the main function of a statement of cash flow?
- To provide information about a company's overall financial performance
- To provide information about a company's assets and liabilities
- To provide information about a company's income and expenses
- To provide information about a company's cash receipts and payments (correct)
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