Asked by FRANCIS VENTURA on Jun 14, 2024
Verified
Cash flow statements help users decide whether a company has enough cash to pay its debts.
Cash Flow Statements
Financial statements that record the cash inflows and outflows for a company over a specific period of time.
- Comprehend the importance of cash flow information for decision-making by internal and external users.
Verified Answer
AC
Asisipho CenganiJun 16, 2024
Final Answer :
True
Explanation :
Cash flow statements provide information about a company's cash inflows and outflows, which can help users assess its ability to meet its financial obligations.
Learning Objectives
- Comprehend the importance of cash flow information for decision-making by internal and external users.
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