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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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When used with a company's other financial statements, how does the statement of cash flows help external users assess?

To determine

Explain the way statement of cash flows helps the external users assess the company when it is used with a company’s other financial statements.

Explanation

Statement of cash flows: This statement 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.

The external users will assess company based on the statement of cash flow is as follows:

  • To assess the Company’s ability to produce future cash flows from operations...

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