The statement of cash flows is:
A) The only financial statement that reports the cash balance of a company.
B) A financial statement that presents information about changes in equity during a period.
C) A financial statement that reports the cash inflows and outflows for an accounting period and that classifies those cash flows as operating activities,investing activities,or financing activities.
D) A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date.
E) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.
Correct Answer:
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A)Assets,liabilities,and equity.
B)Revenues,gains,expenses,and
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