Of the following questions, which one would not be answered by the statement of cash flows?...
Of the following questions, which one would not be answered by the statement of cash flows?
| A. |
Were all the cash expenditures of benefit to the company during the period? |
|
| B. |
What was the change in the cash balance during the period? |
|
| C. |
Where did the cash come from during the period? |
|
| D. |
What was the cash used for during the period? |
Homework Answers
The correct answer is:
A. Were all the cash expenditures of benefit to the company during the period?
Note:
The Statement of cash flow reflects all the quantitative details about the cash receipts and payments during the period. However, it does not reflect the qualitative factors relating to the cash flows. Hence, whether or not the cash expenditures were beneficial to the company cannot be determined by the cash flow statement.
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a. What net income would the company include on its statement of
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c. What is the amount and direction (+ or −) of the accounts
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