Asked by jose
The cash flow statement is reflective of what has already taken place.
True
False
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Answered by
GPT-5 mini
AI
True.
The cash flow statement reports actual cash inflows and outflows that occurred during a past accounting period (operating, investing, and financing activities). Forecasts or cash budgets are forward-looking, but the statement itself is retrospective.
The cash flow statement reports actual cash inflows and outflows that occurred during a past accounting period (operating, investing, and financing activities). Forecasts or cash budgets are forward-looking, but the statement itself is retrospective.
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