What does it mean to classify a cash flow according to the basic nature or function of the event...
Question:
What does it mean to classify a cash flow according to the basic nature or function of the event as opposed to the ultimate purpose of the transaction?
Which method do you prefer?
Cash Flow Statement:
A cash flow statement refers to the report that tracks the data of cash during any given or stated accounting year. This statement reports the information of cash receipts and utilization of cash through different business activities. This statement provides information about cash management by a company.
Answer and Explanation: 1
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View this answerThe classification of cash flow according to the basic nature or function of the event refers to the bifurcation of a transaction in an activity that...
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The Statement of Cash Flows: Purpose, Format & Examples
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Chapter 2 / Lesson 4
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Learn about statements of cash flows. Discover what a cash flow statement is and see the indirect method statement of cash flows, net cash flows, and other examples.
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