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Q. All of the following are true regarding the cash flow statement except?2 points 1. cash outflows are shown in parentheses to indicate that payments
Q. All of the following are true regarding the cash flow statement except?2 points
| 1. | cash outflows are shown in parentheses to indicate that payments must be subtracted |
| 2. | this statement explains the causes of the change in the cash balance |
| 3. | this statement classifies cash transactions as operating, investing, or financing |
| 4. | this statement reports information as of a certain date and therefore, is dated like the balance sheet |
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