A statement that explains the changes in the cash balance of a firm over time is called a(n):
A) Statement of financial position.
B) Statement of comprehensive income.
C) Statement of current assets.
D) Statement of analysis.
E) Statement of cash flows.

Question

Quizplus · Accepted Answer

The statement that explains the changes in the cash balance of a firm over time is called the Statement of Cash Flows. It details how cash enters and leaves a company.

A Statement That Explains the Changes in the Cash Balance