Which of the following statements is CORRECT?
a. The statement of cash flows shows cash flows from operations, but not the buying or selling of fixed assets.
b. The statement of cash flows shows where the firm’s cash is located; it lists all banks and brokerage houses where cash is held.
c. The statement of cash flows shows cash flows from continuing operations but does not show the impacts of changes in working capital.
d. The statement of cash flows displays cash flows from operations and from borrowings (debt), but it does not reflect cash raised by the company by selling new stock (equity).
e. The statement of cash flows shows how much the firm’s cash--the total of currency, bank deposits, and short-term liquid securities increased or decreased during a given year.
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