Question
31. Why is the statement of cash flows necessary? Because investors and managers wanted information on how muchcash went up or down in a period
31. Why is the statement of cash flows necessary?
Because investors and managers wanted information on how muchcash went up or down in a period | ||
Because investors and managers needed information on the netprofit of a period | ||
Because investors and managers wanted additional information onwhy cash went up or down in a period | ||
Because the income statement is constructed using cash-basisaccounting |
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
