The primary purpose of a statement of cash flows is to report the cash effects of operations during a period.

In a competitive business market, one company's strategy might be to minimize its potential losses

Indicate whether the statement is true or false

Jane is the president of a business. She runs the business on a daily basis and makes all of the

decisions because she has ten years of experience in this business. There are ten other owners in this business, but they have no say in how this business is being run. Jane's business is probably organized as a A) limited partnership. B) corporation. C) Subchapter S corporation. D) sole proprietorship. E) partnership.