Asked by Tyasia Lynah on Jul 05, 2024

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The statement of cash flows shows the net effect of revenues and expenses for a reporting period.

Statement Of Cash Flows

A financial document showing how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Revenues And Expenses

Revenues and expenses refer to the income earned from normal business operations and the costs incurred to generate that income, respectively, impacting a company's net income.

  • Gain an insight into the critical role of cash flow management and how it interacts with operating, investing, and financing functions.
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Daniel SoilandJul 08, 2024
Final Answer :
False
Explanation :
The statement of cash flows shows the sources and uses of cash for a reporting period, including operating activities, investing activities, and financing activities. It is not directly related to revenues and expenses, although changes in these items can affect cash flows.