The statement of cash flows reports:
A)Assets,liabilities,and equity.
B)Revenues,gains,expenses,and losses.
C)Cash inflows and outflows for an accounting period.
D)Equity,net income,and dividends.
E)Changes in equity.

Question

Quizplus · Accepted Answer

The statement of cash flows reports the cash inflows and outflows for an accounting period. It provides information about how cash was generated and how it was used during the period. It is divided into three sections: operating activities, investing activities, and financing activities. It does not report assets, liabilities, equity, revenues, expenses, or changes in equity.

The Statement of Cash Flows Reports