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RD
RD, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 8784
Experience:  MBA, CPA
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Which of the following statements is CORRECT The statement

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Which of the following statements is CORRECT?
    The statement of cash flows shows where the firm's cash is located, with a listing of all banks and brokerage houses where cash is on deposit.
   The statement of cash flows for 2005 shows how much the firm's cash (the total of currency, bank deposits, and short-term liquid securities, or cash equivalents) increased or decreased during 2005.
   The statement of cash flows reflects cash flows from operations and from borrowings, but it does not reflect cash obtained by selling new common stock.
   The statement of cash flows reflects cash flows from operations, but it does not reflect the effects of buying or selling fixed assets.
   The statement of cash flows reflects cash flows from continuing operations, but it does not reflect the effects of changes in working capital
Submitted: 7 years ago.
Category: Finance
Expert:  RD replied 7 years ago.
The statement of cash flows for 2005 shows how much the firm's cash (the total of currency, bank deposits, and short-term liquid securities, or cash equivalents) increased or decreased during 2005.
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