![10 Which of the following is true of the statement of cash flows? [] It covers a specific span of time, the same as the income statement. It indicates when long-term debt will mature. It reports on the qualitative behavior of the companys performance. It shows hov the profits or losses of the company were generated](http://img.homeworklib.com/questions/b502b550-4028-11ea-aed1-03e61bcae25e.png?x-oss-process=image/resize,w_560)
Homework Answers
Answer is "It covers a specific span of time, the same as the income statement."
Explanation:
Cash flow statement is a periodical statement and it is prepared for a specific period same as income statement. As income statement is prepared for a particular period such as for a particular year or particular month etc. In the same manner, cash flow statement covers all transactions related to a particular year or particular month as the case may be.
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10 Which of the following is true of the statement of cash flows? [] It covers...
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