Worldatwork Exam T7 Topic 2 Question 39 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 39
Topic #: 2

What is the purpose of a statement of cash flow?

ATo show liability and equity and the manner in which those funds are employed in a manner which is useful for users of the statement

BTo account for changes in cash during the accounting period in a manner which is useful for users of the statement

CTo show details of the nature of a company's operating activities in a manner which is useful for users of the statement

DTo reconcile the beginning and ending balances of stockholders' equity in a manner which is useful for users of the statement

Show Suggested Answer

Suggested Answer: B

by Lisha at May 05, 2022, 07:19 PM

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