Question : Which of the following statements is true?
Option 1: Cash Flow Statement shows inflows and outflows of Cash and Cash Equivalents.
Option 2: Cash Flow Statement gives information about sources and applications of Cash and Cash Equivalents for a specific period.
Option 3: It helps in planning investments and assessing the financial requirements of the enterprise.
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above
Cash Flow Statement shows inflows and outflows of Cash and Cash Equivalents. Cash Flow Statement gives information about sources and applications of Cash and Cash Equivalents for a specific period. Also, It helps in planning investments and assessing the financial requirements of the enterprise.
Hence, the correct option is 4.
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