My response. Any other suggestions?
“The statement of cash flows financial statement represents the actual movement of cash through a company. It allows the reconciliation of the flow of cash with changes in the amounts of cash and marketable securities.” (South University Online, 2018, para. 1) I disagree that the financial statement should be considered optional. The cash flow statement shows how much cash the company has in inflows and outflows. It is used to prevent and monitor debt. It prevents unnecessary spending and late payment penalties. Ensures that the company has regular income from outside investments or cash borrowing.
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