A summary of operating events is found
A)only in the asset section of the balance sheet.
B)only in the cash flows from operations section of the cash flow statement.
C)only in the income statement.
D)in the cash flows from operations section of the cash flow statement, and in the income statement.

Question

Quizplus · Accepted Answer

Operating events are reported in both the cash flows from operations section of the cash flow statement and the income statement. The cash flows from operations section shows changes in cash related to the company's operations, while the income statement reports revenues and expenses related to those same operations.

A Summary of Operating Events Is Found