Post Utme Al Hikmah University 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • COMMERCE • objective

A company's financial statements are prepared in accordance with the Generally Accepted Accounting Principles (GAAP). What is the primary purpose of the statement of cash flows?

Answer Options

A. To determine the company's profitability
B. To determine the company's liquidity
Correct Answer C. To determine the company's cash inflows and outflows
D. To determine the company's solvency
Correct Answer
C
Correct Option:
To determine the company's cash inflows and outflows

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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