Purpose of the Statement of Cash Flows Most companies begin the statement of cash flows by indicating

Question:

Purpose of the Statement of Cash Flows Most companies begin the statement of cash flows by indicating the amount of net income and ending it with the beginning and ending cash balances. Why is the statement necessary if net income already appears on the income statement and the cash balances can be found on the balance sheet?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Answered By

Deepak Pal

Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!

5.00+ 1+ Reviews 10+ Question Solved

Related Book For book-img-for-question