The ____ is a statement reporting the effects of a firm's operating,investing,and financing activities on cash flows over an accounting period.
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 reports the inflows and outflows of cash from a company's operating, investing, and financing activities over a given period. The income statement reports a company's revenues and expenses, while the balance sheet shows a company's assets, liabilities, and shareholders' equity. The statement of retained earnings reports the changes in a company's retained earnings over a given period.

The ____ Is a Statement Reporting the Effects of a Firm's