The statement of cash flows reports the ________. A) sources ...

[cdr_15]

The statement of cash flows reports the ________.
 
  A) sources and uses of cash
  B) financial position of a company
  C) changes in shareholders' equity
  D) profitability of a company

Question 2

While sales returns and allowances can be debited directly to the sales account, it is better to debit a separate sales returns and allowances account.
 a. True
   b. False
   Indicate whether the statement is true or false

[Sierray]

Answer to Question 1

A

Answer to Question 2

True

[cdr_15]

Excellent

[alvinum]

Thanks for the timely response, appreciate it