Ask Question
BusinessBusiness
16 July, 15:22

Common uses of the statement of cash flows include all but which of the following?

a. Management prediction of future cash flows for decision making.

b. Investor assessment of cash flows before buying and selling stock.

c. Creditor evaluation of a company's ability to generate cash to cover debt.

d. Government assessment of whether company is able to pay taxes as they become due.

e. Management determination of the specific sources and uses of cash.

+2
Answers (1)
  1. 16 July, 18:55
    0
    Answer: Option D

    Explanation: Cash flow statement is a type of financial statement which shows the sources and uses of cash for a specified period in the form of cash inflows and outflows.

    Cash flow statement is used by the management to evaluate the performance and for making plans for future. It is also used by potential investors for evaluation purposes.

    Government do not need cash flow to asses ability of the company. The tax obligation on a company is calculated on its income which is shown by other financial statements like income statement.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Common uses of the statement of cash flows include all but which of the following? a. Management prediction of future cash flows for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following taxpayers may not be able to claim full benefits for some common itemized deductions? A. Andre, a single taxpayer whose adjusted gross income was $270,000. B.
Answers (1)
The following information pertains to Guy's Gear Company: Sales $ 80,000 Expenses: Cost of Goods Sold $ 50,000 Depreciation Expense 6,000 Salaries and Wages Expense 12,000 68,000 Net Income $ 12,000 Accounts Receivable Decrease $ 4,000 Inventory
Answers (1)
A drawback of buying a franchise is there is more opportunity for creativity, resulting in the owner spending too much time in this area. if the national chain suffers, so does the franchisee. the sba (small business administration) frowns upon it.
Answers (1)
When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company. True or False
Answers (1)
Are witchcraft True? answer briefly!
Answers (1)
New Questions in Business
If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.
Answers (1)
During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False
Answers (2)
A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.
Answers (1)
NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000
Answers (1)
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?
Answers (1)
Home » Business » Common uses of the statement of cash flows include all but which of the following? a. Management prediction of future cash flows for decision making. b. Investor assessment of cash flows before buying and selling stock. c.
Sign Up Forgot Password?