A statement of cash flows explains 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

Statement of cash flows highlights the changes in the cash and cash equivalents balance over a period of time, hence the correct option is C.

A Statement of Cash Flows Explains the Differences Between the Beginning