Which statement is NOT correct about cash flow statements? A) They ex
Which statement is NOT correct about cash flow statements?
A) They examine the cash inflows and cash outflows generated by operating activities, investing activities, and financing activities.
B) They examine the cash inflows and cash outflows generated by operating activities, budgeting activities, and financing activities.
C) They reconcile any changes in cash balances between two periods.
D) They reflect the firm’s ongoing investment in fixed assets.
ANSWER
B
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