One of the objectives of accounting is to help investors and creditors assess the amount, timing, and uncertainty of cash flows to them.

Multiple Choice

1.although false for most of the times, there are several exceptions detailed in Canadian GAAP

2.Cannot say if it is true or false given the limited information provided

3.although true for most of the times, there are several exceptions detailed in Canadian GAAP

4.this is always a true statement

5.this is always a false statement