Which of the following statements concerning the statement of cash flows is true? Select one:...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following statements concerning the statement of cash flows is true? Select one: O a. O b. O c. The statement of cash flows reports earnings per share. If the direct method is used, gains and losses on sale of equipment are not shown. The statement of cash flows is usually more accurate when using the indirect method. Od. The statement of cash flows is an optional financial statement for external reporting purposes.
Which of the following statements concerning the statement of cash flows is true? Select one: a. The statement of cash flows reports earnings per share. b. If the direct method is used, gains and losses on sale of equipment are not shown. c. The statement of cash flows is usually more accurate when using the indirect method. d. The statement of cash flows is an optional financial statement for external reporting purposes
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
