Author Question: The statement of cash flows reports the ________. A) sources and uses of cash B) financial ... (Read 133 times)

cdr_15 · **on:** Jul 5, 2018

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