Question: Presenting information on cash flows has become an important part of financial reporting. Required: a.What goals are attempted to be accomplished by the presentation of

Presenting information on cash flows has become an important part of financial reporting.


Required:

a.What goals are attempted to be accomplished by the presentation of cash-flow information to investors?

b. Discuss the following terms as they relate to the presentation of cash- flow information:

i. Liquidity

ii. Solvency

iii. Financial flexibility

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