225k views
4 votes
The statement of cash flows provides answers to all of the following questions EXCEPT:

A. What was the change in the cash balance during the period?
B. Where did the cash come from during the period?
C. What is the impact of inflation on the cash balance at the end of the year?
D. What was the cash used for during the period?

1 Answer

5 votes

Final answer:

The statement of cash flows provides answers to questions about change in cash balance, sources of cash, and cash used, but not the impact of inflation on cash balance at the end of the year.

Step-by-step explanation:

The statement of cash flows provides answers to all of the following questions EXCEPT:

A. What was the change in the cash balance during the period?

B. Where did the cash come from during the period?

C. What is the impact of inflation on the cash balance at the end of the year?

D. What was the cash used for during the period?

The statement of cash flows is a financial statement that shows the cash inflows and outflows of a company during a specific period. It provides information on the sources and uses of cash, but it does not directly address the impact of inflation on the cash balance at the end of the year. Instead, the statement of cash flows focuses on the changes in the cash balance and the reasons for those changes.

User Robstarbuck
by
8.4k points