Usefulness and format of the statement of cash flow

12.1 Usefulness and format of the Statement of Cash Flows Phoebe is interested in Pinnacle Manufacturing's net income for the last fiscal year, but she is not concerned about how much cash Pinnacle has generated through its operating activities. To gather the information she desires, Phoebe should focus on Pinnacle's balance sheet. income statement. retained earnings statement. statement of cash flows