Which of the following would indicate how much actual cash the firm has on hand?
A)income statement
B)balance sheet
C)statement of cash flows
D)none of the answers is correct

Question

Quizplus · Accepted Answer

The statement of cash flows provides information on the cash inflows and outflows during a period, which includes cash on hand at the beginning and end of the period. This makes it the best choice for indicating how much actual cash the firm has on hand. The income statement provides information on revenue and expenses, while the balance sheet provides information on assets, liabilities, and equity.

Which of the Following Would Indicate How Much Actual Cash