The statement of cash flows
A) must be prepared on a daily basis.
B) summarizes the operating financing and investing activities of an entity.
C) is another name for the income statement.
D) is a special section of the income statement.

Question

Quizplus · Accepted Answer

The statement of cash flows summarizes the operating, financing, and investing activities of an entity during a given period of time. It is a separate statement from the income statement and is not prepared on a daily basis.

The Statement of Cash Flows