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Homework answers / question archive / One major purpose of the statement of cash flows is to provide information about the firm's profitability

One major purpose of the statement of cash flows is to provide information about the firm's profitability

Accounting

One major purpose of the statement of cash flows is to provide information about

    1. the firm's profitability.
    2. the firm's cash receipts and payments during a period.
    3. the firm's resources and claims against those resources.
    4. changes in retained earnings.

 

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Answer: b .

One of the main purpose of statement providing the cash flows is that it helps the firms in providing about the estimates of cash inflows as well the payment outflows during a time period.

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