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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Which of the following is not a use of the statement of cash flows?

  1. Aids in the prediction of future cash flow.
  2. Provides a measure of the future obligations of the company.
  3. Helps estimate the amount of funds that will be needed from creditors or stockholders.
  4. Provides insights into the quality and reliability of reported income.

To determine

Introduction:

Cash Flow means how many types of cash inflow and outflow in the business. There are three types of cash inflow and outflow 1) Operating activities 2) investing activities and 3) financial activites.

To choose:

Which of the following is not a use of the statement of cash flow?

Explanation

Explanation for correct answers:

Option b) Provides a measure of the future obligation of the company, cash flow does not help that how much cash inflow or outflow for future and how much obligation. Obligation is depend on the management decision.

Explanation for incorrect answers:

Option a) Aids in the predication of future cash flow, this activity help for predication cash inflow and also outflow...

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