The financial statement that summarizes the sources and uses of cash over a specified period of time is the:
A) Statement of comprehensive income.
B) Statement of financial position.
C) Tax reconciliation statement.
D) Statement of cash flows.
E) Statement of operating position.

Question

Quizplus · Accepted Answer

The Statement of Cash Flows summarizes the sources (inflows) and uses (outflows) of cash over a specified period of time, categorizing cash flows into operating, investing, and financing activities.

The Financial Statement That Summarizes the Sources and Uses of Cash