If the owner wanted to know how money flowed into and out of the company, what financial statement would she use?
A) Income Statement
B) Statement of Cash Flows
C) Balance Sheet
D) None are correct.

Question

Quizplus · Accepted Answer

The Statement of Cash Flows tracks the inflow and outflow of cash into and out of a company during a specified period. It shows the company's sources of cash and how it's used, including operating, investing, and financing activities.

If the Owner Wanted to Know How Money Flowed into and Out