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mafiozo [28]
3 years ago
9

Mark Paxson maintains that the statement of cash flows is an optional financial statement. Do you agree? Explain.

Business
1 answer:
AlekseyPX3 years ago
6 0

Answer:

I Disagree

Explanation:

The statement of cash flows is of extreme importance for a company and its stakeholders (especially investors). It shows how activities affecting the balance sheet and the financial statement also affect cash and cash equivalents, and while it is true that the balance sheet has an account under that name, it does not provide enough detail.

The statement of cash flows on the other hand details how much cash the company gets from financing, operating, and investing activities, and from this information, a potential investor can make crucial analysis when determining whether to invest or not.

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Answer:

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2 years ago
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tino4ka555 [31]

Answer:

B. $280,000

Explanation:

The capital assets are those assets which are used for the personal purpose, not for the business purpose. The examples of capital assets include personal property, stocks, bonds, clothing, dwelling, etc.

It excludes that property which is used for trade or business purpose like - limousine.

In the given situation, the capital asset would be $280,000 as it owns for personal residence and furnishings.

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Answer:

CMOCs.

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