Match each of the following items with the appropriate definitions.
-A financial statement that reports the cash inflows and cash outflows for an accounting period,and classifies those cash flows as operating,investing,or financing activities.
A)Indirect method
B)Direct method
C)Statement of cash flows
D)Financing activities
E)Operating activities
F)Investing activities

Question

Quizplus · Accepted Answer

The Statement of Cash Flows is the financial statement that reports the cash inflows and outflows during an accounting period, categorizing these cash flows into operating, investing, or financing activities.

Match Each of the Following Items with the Appropriate Definitions