True/False
If a transaction does not involve cash,such as the purchase of supplies on account,it will not be reported on the statement of cash flows.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q235: Which of the following users would rely
Q236: Which financial statement includes a specific date
Q237: The income statement shows whether or not
Q238: An owner's capital balance changes with an
Q239: Fred Jones,the sole owner of a business,withdraws
Q241: Which of the following can be an
Q242: Equity increases when revenues are earned.
Q243: Modern Designer Company is a sole proprietorship.The
Q244: GAAP refers to guidelines for accounting information
Q245: An accounting firm collected cash on account.As