Multiple Choice
The primary purpose of the statement of cash flows is to report which of the following?
A) profit earned and dividends paid during the period.
B) all inflows and outflows of cash during the period.
C) assets owned and claims against those assets at the end of the period.
D) liability changes made by the financial department of the company during the period.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: On January 1,20A,Thomas Company paid $1,000 for
Q19: The statement of changes in equity would
Q20: The trial balance,prepared immediately after all transactions
Q21: Time Corporation reported the following for 20A:
Q22: On July 1,20A,Goode Company borrowed $10,000.The company
Q24: Which of the following statements is true
Q27: Which of the following accounts is closed
Q28: Because of its complexity and susceptibility to
Q58: Expenses paid in advance of the use
Q84: Rent of $150 collected in advance was