What does the following statement mean?

What does the following statement mean? If I want to assess the cash flow prospects for a company “down the road,” I look at the company’s most recent statement of cash flows. An income statement prepared under the accrual basis of accounting is useless for this purpose.PLEASE NOTE: This is a short answer question.

SOLUTION:Cash flow can be defined as the statement presenting the cash inflows and cash outflows. Cash flowstatement helps in the determination of the cash of an organization. The cash flow…

"Get 15% discount on your first 3 orders with us"
Use the following coupon

Order Now