The statement of cash flows is dated exactly like the income statement but unlike the statement of financial position.

Question

Quizplus · Accepted Answer

The statement of cash flows is dated exactly like the income statement, typically covering a period of one year or a fiscal quarter. However, the statement of financial position (also known as the balance sheet) does not have a date range listed as it reflects a snapshot of the company's financial position at a specific point in time.

The Statement of Cash Flows Is Dated Exactly Like the Income