Which of the following financial statements shows the net increase or decrease in cash during the period?
A) statement of retained earnings
B) balance sheet
C) cash flow statement
D) income statement

Question

Quizplus · Accepted Answer

The cash flow statement shows the net increase or decrease in cash during the period, as it records all cash inflows and outflows, including operating, investing, and financing activities. The statement of retained earnings shows the change in retained earnings, the balance sheet shows the financial position of the company at a specific point in time, and the income statement shows the revenues and expenses over a period of time.

Which of the Following Financial Statements Shows the Net Increase