Which of the following financial statements reports an increase or decrease in net cash during a specific period of time?
A) Income statement
B) Statement of owner's equity
C) Statement of cash flows
D) Operating expense budget

Question

Quizplus · Accepted Answer

The statement of cash flows reports the inflows and outflows of cash during a specific period of time, including operating activities, investing activities, and financing activities. It provides information on how the company generated and used its cash, and reports the net increase or decrease in cash for the period. The other options do not specifically report changes in net cash.

Which of the Following Financial Statements Reports an Increase or Decrease