''The accrual basis of accounting creates the need for a statement of cash flows.'' Do you agree? Please explain your position. Please also discuss cash from operations, investing and financing activities, and the conversion of net income to cash from operations.

Answer rating: 100% (QA)

Yes I agree that the accrual basis of accounting creates the need for a statement of cash flows The statement of cash flows is a crucial financial statement that provides valuable information about a ... View the full answer