The statement of cash flows reports:
A) Owners' equity, net income, and dividends.
B) Cash inflows and outflows for an accounting period and owners' equity, net income, and dividends.
C) Revenues, gains, expenses, and losses.
D) Assets, liabilities, and owners' equity.
E) Cash inflows and outflows for an accounting period.

Question

Quizplus · Accepted Answer

The statement of cash flows specifically reports the cash inflows and outflows for an accounting period, detailing how cash is generated and used in operating, investing, and financing activities.

The Statement of Cash Flows Reports