Which if the following is INCORRECT about the Statement of Cash Flows?
(a) It is a 4th basic financial statement
(b) Provides information about cash receipts and ash payment of an entity during a period
(c) Reconciles the ending cash account balance to the balance per the bank statement
(d) Provides information abou the operating, investing and financing activities of a business
Ans: (c) Reconciles the ending cash account balance to the balance per the bank statement
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