Which one of the following financial statements show the end of the year cash balance for a business entity?
A)Income Statement and Statement of Retained Earnings
B)Balance Sheet and Statement of Cash Flows
C)Statement of Retained Earnings and Statement of Cash Flows
D)Balance Sheet and Statement of Retained Earnings

Question

Quizplus · Accepted Answer

The Balance Sheet shows the ending cash balance as part of the current assets section. The Statement of Cash Flows also shows the ending cash balance as the last line item on the statement.

Which One of the Following Financial Statements Show the End