Asked by Zakia Pollard on Jun 04, 2024
Verified
Managers review the statement of cash flows before making business decisions.
Business Decisions
Choices made by individuals or groups in a corporate setting regarding the direction, operations, and strategy of a business.
- Recognize the critical role that information on cash flow plays in the choices made by external and internal users.
Verified Answer
AC
Anna Catherine BatesJun 07, 2024
Final Answer :
True
Explanation :
Managers review the statement of cash flows to understand the cash inflows and outflows of the business, and make informed decisions about investments, financing, and overall financial health of the company.
Learning Objectives
- Recognize the critical role that information on cash flow plays in the choices made by external and internal users.
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