Question

Which two questions are answered by the use of the statement of cash flows? Choose two answers.

A. Where did the costs go?

B. Where did the costs come from?

C. Where did the money come from?

D. Where did the money go?

E. Where did the sales come from?

Answer 1

Solution:

Two questions are answered by the use of the statement of cash flows are as under:

1. Where did the money come from?

2. Where did the money go?

Hence option C & Option D is correct.