The date in the heading of a statement of cash flows should say, "At December 31, 20A," rather than "For the Year Ended December 31, 20A."

Name: The date in the heading of a statement of cash flows should say, "At December 31, 20A," rather than "For the Year Ended December 31, 20A."
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Question

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The correct heading for a statement of cash flows should read "For the Year Ended December 31, 20A." This is because the statement is summarizing the cash flows for the entire year, not just a snapshot at December 31st.

The Date in the Heading of a Statement of Cash