The statement of cash flows is
A)Another name for the statement of financial position
B)A financial statement that reports the cash inflows and outflows for an accounting period
C)A financial statement that presents information about what happened to equity during a period
D)A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date
E)A financial statement that lists the types and amounts of the revenues and expenses of a business

Question

Quizplus · Accepted Answer

The statement of cash flows is a financial statement that reports the cash inflows and outflows for an accounting period. Option A refers to the statement of financial position, also known as the balance sheet. Option C refers to the statement of changes in equity, and option D is also known as the balance sheet. Option E refers to the income statement.

The Statement of Cash Flows Is