knowledge check 01\nthe statement of cash flows reports business activities on an accrual basis.\ntrue or…

knowledge check 01\nthe statement of cash flows reports business activities on an accrual basis.\ntrue or false\ntrue\nfalse

knowledge check 01\nthe statement of cash flows reports business activities on an accrual basis.\ntrue or false\ntrue\nfalse

Answer

Answer:

False

Brief Explanation:

The statement of cash flows reports on a cash - basis, not accrual - basis. It shows actual cash inflows and outflows.