Respuesta :
The following statement "Information to prepare the statement of cash flows comes from three sources: (1) comparative balance sheets, (2) the current income statement, and (3) additional information" is True.
In order to calculate a project's rate of return or value, cash flows are frequently translated into measurements that provide information about, for instance, a company's worth and position. Financial models like internal rate of return and net present value use the timing of cash flows into and out of projects as inputs. to identify liquidity issues with a company.
Being liquid does not imply being lucrative. Even though it is successful, a business might nevertheless fail due to a cash flow problem. when it is thought that accrual accounting principles do not accurately reflect economic realities, as a substitute assessment of a company's earnings.
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