One major purpose of the statement of cash flows is to provide information about the firm's profitability. the firm's cash receipts and payments during a period. the firm's resources and claims against those resources. changes in retained earnings.

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

Accounting Mar 20, 2021

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.

Expert Solution

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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