The statement of cash flows measures cash flows on a(n) _____ basis.Group of answer choicescashseasonalaccrualnormalized
Question
The statement of cash flows measures cash flows on a(n) _____ basis.Group of answer choicescashseasonalaccrualnormalized
Solution
The statement of cash flows measures cash flows on a cash basis.
Here's why:
- The statement of cash flows is one of the three main financial statements (along with the income statement and balance sheet) that shows how changes in balance sheet accounts and income affect cash and cash equivalents
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