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Details about the amount of cash received and paid out during an accounting period are not shown on the balance sheet, income statement, or statement of changes in equity. This information is disclosed on the statement of cash flows (SCF) . This chapter discusses the purpose of the statement of cash flows, the steps in preparing the SCF, as well as how to interpret various sections of the statement of cash flows.
Learning Objectives
LO1 – Explain the purpose of the statement of cash flows.
LO2 – Prepare a statement of cash flows.
LO3 – Interpret a statement of cash flows.
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