A(n)______provides a summary of money coming in to and money going out of a firm in a given time period.
A)income statement
B)cash flow statement
C)receivables and payables report
D)cash budget

Question

Quizplus · Accepted Answer

A cash flow statement tracks the inflows and outflows of cash in a company, including operating, investing, and financing activities. It provides a summary of money coming in to and going out of the firm over a given period of time. The income statement provides information on a company's revenue and expenses over a given period, but does not show cash flows. The receivables and payables report shows amounts owed by customers and to suppliers, but not the overall cash flow of a company. A cash budget is a forecast of expected cash inflows and outflows in the future, but does not provide a summary of past cash flows.

A(n)______provides a Summary of Money Coming in to and Money