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Cash Flow Statements

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The primary difference between cash flow statement and all other external financial statements is that it is:

A) Not an accrual based statement and all others are accrual based.
B) Prepared for managements use but not for external reporting purposes.
C) A cause of the basic accounting equation to be out of balance.
D) Prepared before the end of the year.

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Solution Summary

This question solves a multiple choice question regarding cash flow statements.

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The answer is A.
<br>The cash flow statement is not an accrual based statement since it focuses on the cash position of the company (you can verify the cash ...

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