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1. An objective of the statement of cash flows is to A) disclose changes during the period in all asset and all equity accounts B)
1. An objective of the statement of cash flows is to A) disclose changes during the period in all asset and all equity accounts B) disclose the change in working capital during the period C) provide information about the operating, investing, and financing activities of an entity during a period D) None of these answers are correct. 2. The primary purpose of the statement of cash flows is to provide information A) about the operating, investing, and financing activities of an entity during a period that is useful in assessing future cash flow prospects. B) C) about the cash receipts and cash payments of an entity during a period. D) about the entity's ability to meet its obligations and to pay dividends. 3. Of the following questions, which one would not be answered by the statement of cash flows? A) Where did the cash come from during the period? What was the cash used for during the period? B) C) Were all the cash expenditures of benefit to the company during the period? D) What was the change in the cash balance during the period
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