Which of the following financial statements reports cash receipts and cash payments during a period of time?
A) Statement of cash flows
B) Balance sheet
C) Cash receipts budget
D) Statement of owner's equity

Question

Quizplus · Accepted Answer

The statement of cash flows reports cash receipts and cash payments during a period of time, showing the sources and uses of cash in a business, divided into operating, investing, and financing activities. The balance sheet reports the financial position of a company at a specific point in time, showing assets, liabilities, and equity. The cash receipts budget is a projection of expected cash inflows for a specific period. The statement of owner's equity reports changes in the owner's investment in the business over time.

Which of the Following Financial Statements Reports Cash Receipts and Cash