The statement of cash flows shows:Group of answer choicescash receipts and cash payments.what the entity owns and owes.the net worth of the entity.profitability.

The Statement of cash flows helps management, investors, creditors and other interested parties evaluate the following about the entity (choose all that apply):Group of answer choicesCash investing and financing transactions for the periodExplains the difference between profit and net cash provided (used) by operating activitiesAbility to pay share dividends and meet obligationsAbility to generate future cash flows

The statement of cash flows reports:Multiple ChoiceEquity, net income, and dividends.Assets, liabilities, and equity.Cash receipts (inflows) and cash payments (outflows) for an accounting period.Changes in equity.Revenues, gains, expenses, and losses.

The statement of cash flows, provides users of financial statements with a basis to assess the ability of the entity to generate cash and cash equivalents and the needs of the entity to utilize those cash flowsGroup of answer choicesTrueFalse

The statement of cash flows is a financial statement that shows ______.

A statement of cash flows is needed because:Group of answer choicesit enables users to understand more clearly the entity's sources and uses of cash.accrual-based financial statements are historic.accrual-based financial statements are not accurate.none of the options are true.