Select the financial statement on which the user would most likely find the answer to the question given.
-What amount of cash was used for to purchase property, plant, and equipment during the year?
A)Income statement
B)Balance sheet
C)Statement of cash flows
D)Statement of retained earnings

Question

Quizplus · Accepted Answer

The statement of cash flows shows the inflows and outflows of cash during the year, including cash used for the purchase of property, plant, and equipment.

Select the Financial Statement on Which the User Would Most