Question Details

A statement of cash flows should help investors and creditors 


True or false:
1.	The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement.


	2.	For external reporting, a company must prepare either an income statement or a statement of cash flows, but not both.


	3.	A primary objective of the statement of cash flows is to show the income or loss on investing and financing transactions.


	4.	A statement of cash flows indicates the sources and uses of cash during a period.

	5.	A statement of cash flows should help investors and creditors assess the entity- ability to generate future income.





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