The statement of changes in financial position reported on:
A)changes in current assets and current liabilities.
B)changes in assets.
C)changes in assets, liabilities, and owners' equity account balances
D)changes in working capital

Question

Quizplus · Accepted Answer

The statement of changes in financial position, often referred to as the statement of cash flows, reports on changes in assets, liabilities, and owners' equity account balances, reflecting how these changes affect the financial position of the business.

The Statement of Changes in Financial Position Reported On