The financial statement that provides information about a firm's operating,investing,and financing activities during an accounting period is the
A) balance sheet.
B) income statement.
C) cash flows statement.
D) retained earnings statement.
E) financial analysis statement.

Question

Quizplus · Accepted Answer

The cash flows statement provides information about a firm's operating, investing, and financing activities during an accounting period. It shows how much cash was generated or used in each of those areas and provides insight into the company's ability to generate cash flow from its core operations. The balance sheet shows the company's assets, liabilities, and equity at a specific point in time, while the income statement shows its revenue, expenses, and net income for a period of time. The retained earnings statement shows changes in the company's retained earnings balance over a period of time. The financial analysis statement does not exist as a standard financial statement.

The Financial Statement That Provides Information About a Firm's Operating,investing,and