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What Is the Purpose of the Statement of Cash Flows

Question 206

Multiple Choice

What is the purpose of the statement of cash flows?


A) It is intended to provide a cash-based view of a company.
B) It illustrates the profitability of a company.
C) It reports the financial position of a company at a specific point in time.
D) It outlines the changes in stockholders' equity accounts from the beginning of the period to the end of the period.

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