What is a financial statement that describes a firm's generation and use of cash during a given period called?
A)Cash utilization statement
B)Statement of cash flows
C)Cash production flowsheet
D)Cash turnover statement
E)Cash generation statement

Question

Quizplus · Accepted Answer

The statement of cash flows is the financial statement that provides information about a firm's cash inflows and outflows during a specific period, detailing how cash is generated and used.

What Is a Financial Statement That Describes a Firm's Generation