The option a “It is a detailed disclosure of individual cash flows. In certain circumstances.” and option c “The purpose is to report cash receipts and cash payments during a period.” are the correct statement of cash flows.
Cash flow is a statistic for the amount of money a business earned or spent overall over a specific time period. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities.
Cash flow analysis provides vital information about the financial well-being of a company at business profitability on the income statement. You can find out whether cash inflows are the result of sales, loans, or investors, as well as equivalent details concerning outflows. While most organizations can tolerate short-term negative cash flows, they cannot do so for an extended period of time.
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