Of the following questions, which one would not be answered by the statement of cash flows? *

Where did the cash come from during the period?

What was the cash used for during the period?

Were all the cash expenditures of benefit to the company during the period?

What was the change in the cash balance during the period?

In a construction cash flow statement which of the following working capital account represents a source of cash of the firm? *

Decrease in Accounts Receivable.

Increase in Accounts Receivable.

Decrease in Accounts Payable.

Decrease in accrued Taxes Payable.

Compared to the accrual basis of accounting, the cash basis understates income by the net decrease during the accounting period of *

Both accounts receivable and accrued expenses

Accrued expenses but not of accounts receivable

Neither accounts receivable nor accrued expenses

Accounts receivable but not of accrued expense

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