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In the context of financial accounting, what is the primary purpose of the statement of cash flows?   A) To provide information about a company's economic resources and claims against those resources.   B) To report the financial position of a company at a specific point in time.   C) To disclose changes in equity during a specific period.   D) To present the cash inflows and outflows of a company's operating, investing, and financing activities during a specific period.

In the context of financial accounting, what is the primary purpose of the statement of cash flows?   A) To provide information about a company's economic resources and claims against those resources.   B) To report the financial position of a company at a specific point in time.   C) To disclose changes in equity during a specific period.   D) To present the cash inflows and outflows of a company's operating, investing, and financing activities during a specific period.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 3C
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In the context of financial accounting, what is the primary purpose of the statement of cash flows?

 

A) To provide information about a company's economic resources and claims against those resources.

 

B) To report the financial position of a company at a specific point in time.

 

C) To disclose changes in equity during a specific period.

 

D) To present the cash inflows and outflows of a company's operating, investing, and financing activities during a specific period.

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