Final answer:
The true statement about the statement of cash flows is that it covers a span of time and is dated the same as the income statement. It details the cash inflows and outflows for business operations and investments but doesn't indicate debt maturity, qualitative performance, or how profits are generated.
Step-by-step explanation:
Of the choices provided regarding the statement of cash flows, the true statement is that it covers a span of time and is dated the same as the income statement. The statement of cash flows is a financial document that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period. Unlike the other options, the statement of cash flows does not indicate when long-term debt will mature, report on the qualitative behavior of the company's performance, or show how profits or losses were generated.
While it does show the effects of various kinds of banking operations and financial decisions, such as the asset-liability time mismatch and decisions on whether to borrow from a bank, issue bonds, or issue stock, the primary purpose of the statement of cash flows is to show the movement of cash within a company over a period of time.