Trusted by millions of Kenyans
LoginRegister
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers
Or go directly to:
Class notes Holiday assignments Topical questions Other resources

Uses of cash flow statements

Uses of cash flow statements

Answers

Faith
- Provide information on a firm's liquidity and solvency and its ability to change cash flows in future
circumstance
- Provide additional information for evaluating changes in assets, liabilities and equity
- Improve the comparability of different firms' operating performance by eliminating the effects of
different accounting methods i.e. cash and accrual methods of accounting
- Indicate the amount, timing and probability of future cash flows
Titany answered the question on December 14, 2021 at 08:52

Answer Attachments

Next: What is the impact of massive capital flight on the value of the domestic currency?

Previous: Malindi Leisure Industries is already highly geared by industry standards, but wishes to raise external capital to finance the development of a new beach resort. Outline...

View more Fundamentals of Accounting II Questions and Answers  |  Return to Questions Index

Exams With Marking Schemes

Related Questions