Discuss Worldatwork T7 Exam Topic 2 Question 39

What is the purpose of a statement of cash flow?

ATo show liability and equity and the manner in which those funds are employed in a manner which is useful for users of the statement

BTo account for changes in cash during the accounting period in a manner which is useful for users of the statement

CTo show details of the nature of a company's operating activities in a manner which is useful for users of the statement

DTo reconcile the beginning and ending balances of stockholders' equity in a manner which is useful for users of the statement

Suggested Answer: B

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13 comments · newest first

Abraham 12 months ago

Really? I always thought it was just for liabilities.

Emilio 12 months ago

I thought it was more about equity details, not just cash.

Kate 1 year ago

Wait, isn't it also about operating activities?

Beula 1 year ago

Totally agree, option B is spot on.

Regenia 1 year ago

It's all about tracking cash flow changes!

Olive 1 year ago

I thought the cash flow statement was more about operating activities, so option C could be right too. But I guess it’s really about cash changes overall.

Dalene 1 year ago

I feel like option A is more about liabilities and equity, which isn't really the focus of a cash flow statement. It’s confusing!

Cherrie 1 year ago

I remember practicing a question about cash flow statements, and it emphasized how they show cash inflows and outflows. That makes me lean towards option B as well.

Juliann 1 year ago

I think the statement of cash flow is mainly about tracking cash changes, so maybe option B? But I'm not entirely sure.

Elza 1 year ago

I'm pretty sure the answer is a required rule between the DB group and PROD11 group. That's the only way to ensure the VMs in the DB group will always run on the PROD11 hosts, even if the PROD55 hosts are available.

Ashanti 1 year ago

This one seems pretty straightforward. I think the answer is True since the question says the site environmental risks need to be assessed either on the day of the visit or the next day.

Jamal 1 year ago

I think Nechaev's concept might relate to "Revolution," but I'm not entirely sure if that's the right term he used. It feels like it describes a state of complete alienation.

Evette 1 year ago

This seems like a tricky question. I'll need to think through the different manufacturing environments and consider the complexity involved in each one.

Worldatwork T7 Exam - Topic 2 Question 39 Discussion