0
A statement of cash flows and the income statement are the only two statements that explain the reasons for inflows and outflows of cash true or false?
Wiki User
∙ 14y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Importance of cash flow statements?
Cash flow satement is an important financial statement as it tells about the cash inflows and outflows from different business activities and this information is not available in any other financial statement.
Define Cash Flow Statement?
cash flow statement is statement which shows company cash inflows and outflows from operating, investing and financing activities.
Difference between cash forecasts and cash flow statements?
Cash forecast is a forecasting activity in which future is predicted while in cash flow statement only cash inflows and outflows are shown which are already done.
What are the effects of outflows and inflows in your economy?
23
What are the effects of inflows and outflows of your economy?
23
Why is cash flow statement prepared by companies?
It is prepared by the companies to show that how cash inflows and outflows are arrived from different business activities.
Why do businesses need to plan their inflows and outflows?
Not too sure
What are the three basic financial statements and what major information does each contain?
Income Statement: it shows the revenue and expenses for specific yearbalance sheet: it shows the overall performance of the company from the time of incorportation to till dateCash flow statement: Cash flow statement shows the cash inflows and outflows from operating, financing and investing activities.
How to report Collection of interest on statement of cash flows?
collection of interest is part of cash flow from operating activities and cash inflows or outflows from it is shown in this section.
What are the four financial statements and how do they differ?
Four financial statements: 1 - Income statment 2 - Balance sheet 3 - Cash flow statement 4 - Statement of owners equity income statement shows the income of current period, balance sheet shows overall performance till date, cash flow shows the different streams of cash inflows and outflows and owners equity statement shows the total contribution of owners.
The difference between an income statement and cash flow statement?
Income statement shows the income or expenses related to one fiscal year while cash flow statement shows the cash inflows and outflows from different areas of business.
What does a statement of cash flows show?
A statement of cash flows is also called a cash flow statement. The statement of cash flows is a cash basis report that shows the inflows and outflows of cash for the operating, investing and financing resources of a business.
