Financial statement that shows how cash, as reflected in accrual accounting, flows into and out of a company during a specific period of operation is called the:
A) income statement
B) balance sheet
C) statement of retained earnings
D) statement of cash flows

Question

Quizplus · Accepted Answer

The statement of cash flows is the financial statement that provides information about a company's cash inflows and outflows over a specific period, reflecting how cash is generated and used in operating, investing, and financing activities.

Financial Statement That Shows How Cash, as Reflected in Accrual