A statement of cash flows should reconcile the differences between the beginning and ending balances of:
A) Net income.
B) Equity.
C) Cash and cash equivalents.
D) Working capital.
E) Cash, cash equivalents, and short-term investments.

Question

Quizplus · Accepted Answer

A statement of cash flows is designed to reconcile the differences between the beginning and ending balances of cash and cash equivalents, showing how cash levels have changed over the period.

A Statement of Cash Flows Should Reconcile the Differences Between