The statement of cash flows cannot be used to determine:Multiple Choicechanges in working capital.expenditures on long-term assets.profitability as measured by specific revenues and expenses.reliance on external financing.

A statement of cash flows is needed because:Group of answer choicesaccrual-based financial statements are historic.it enables users to understand more clearly the entity's sources and uses of cash.accrual-based financial statements are not accurate.none of the options are true.

The statement of cash flows reports:Multiple ChoiceEquity, net income, and dividends.Assets, liabilities, and equity.Cash receipts (inflows) and cash payments (outflows) for an accounting period.Changes in equity.Revenues, gains, expenses, and losses.

The Statement of Cash Flows:Multiple Choiceis an optional financial statement.shows the change in the fair value of the company's common stock during the period.shows how cash changed during the period.shows the dividends that will be paid in the future.

The Statement of cash flows helps management, investors, creditors and other interested parties evaluate the following about the entity (choose all that apply):Group of answer choicesCash investing and financing transactions for the periodExplains the difference between profit and net cash provided (used) by operating activitiesAbility to pay share dividends and meet obligationsAbility to generate future cash flows

The statement of cash flows is a financial statement that shows ______.