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slededit
3116 days ago
I think the point is they should have shown a cash flow statement.
2 comments
rahimnathwani
3116 days ago
You don't need a cash flow statement to show revenue. And if the cash flow statement is prepared using the indirect method (start with net profit, and adjust non-cash items) it may not even show revenue at all.
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slededit
3116 days ago
You don't, but it works a hell of a lot better than a subset of a balance sheet at a single point in time.
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rahimnathwani
3116 days ago
Probably, but sometimes both will be equally useless.
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boomboomsubban
3115 days ago
Why isn't a consolidated cash flow statement enough?
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