1.) The income statement and the statement of cash flows often paint the same picture of...

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Accounting

1.) The income statement and the statement of cash flows oftenpaint the same picture of the company. True or False
2.) Investing and financing activities for the statement of cashflows may be prepared using the direct method Horizontal analysiscompares a financial statement line item in the current year withthe same line item in the prior year. True or False
3.) The statement of cash flows is an optional statement. Trueor False

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1 Answer False Explanation For the companies financial statement both cash flow statement and income statement are the very integral parts cash flow statement is a statement that helps a Company to measures its sources of cash and uses of cash over a given period of timetherefore non cash items are not considered at all in cash flow statementeg depreciation outstanding expenses accrued income While as The income statement of companys financial performance such See Answer

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