The objective of the statement of cash flows is___________________________. (Points : 1)
A, to provide a way to audit the bank statement for accuracy
B to provide information that is helpful in assessing the amounts, timing, and uncertainty of n
c organizations cash inflows and outflows
D to provide information needed for management to determine how much inventory to buy
E not listed here
ANS E
To determine the answer to this question, we need to understand the purpose or objective of the statement of cash flows. One way to find the answer is by referring to reliable sources such as accounting textbooks, financial statements guidelines, or professional accounting organizations.
The statement of cash flows is a financial statement that provides information about an organization's cash inflows and outflows during a specific period. It helps in assessing the amounts, timing, and uncertainty of an organization's cash activities. This information is essential for understanding the cash position, liquidity, and financial performance of an organization.
Therefore, the correct answer is C, "to provide information that is helpful in assessing the amounts, timing, and uncertainty of organizations' cash inflows and outflows."