Regarding the statement of cash flows, which of the following is true?
A)The statement of cash flows reports why cash increased or decreased during the period.
B)The statement of cash flows covers a span of time and is dated "Year Ended, Month, Day, and Year."
C)The statement of cash flows shows where cash came from and how cash was spent.
D)All of the above are true of the statement of cash flows.

Question

Quizplus · Accepted Answer

The statement of cash flows reports why cash increased or decreased during the period, covers a span of time and is dated "Year Ended, Month, Day, and Year," and shows where cash came from and how cash was spent. Therefore, all of the options are true.

Regarding the Statement of Cash Flows, Which of the Following