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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What is the purpose of a statement of cash flows? What information does it provide? Identify at least one type of stakeholder that would be interested in the information on a company's statement of cash flows.

To determine

Identify the purpose of statement of cash flows and explain the information that is provided by statement of cash flows. Identify at least one type of stakeholder that would be interested in the information on a company’s statement of cash flows.

Explanation

Statement of cash flows: Statement of cash flows reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

  • The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of an organization...

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