The __________ provides a summary of money coming into and going out of the firm and tracks a company's cash receipts and cash payments.
A) Statement of debts and liabilities
B) Statement of assets
C) Statement of cash flows
D) Income statement

Question

Quizplus · Accepted Answer

The statement of cash flows summarizes the inflow and outflow of cash within a company. It provides information about a company's operating, investing, and financing activities, and helps to track the movement of cash within a company over a specific period of time. The other options listed - statement of debts and liabilities, statement of assets, and income statement - do not provide the same level of detail about a company's cash flow as the statement of cash flows.

The __________ Provides a Summary of Money Coming into and Going