Asked by Kionaa Genisee on Jun 04, 2024
Verified
The statement of cash flows is:
A) Another name for the statement of financial position.
B) A financial statement that presents information about changes in equity during a period.
C) A financial statement that reports the cash inflows and cash outflows for an accounting period,and that classifies those cash flows as operating activities,investing activities,or financing activities.
D) A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date.
E) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.
Statement Of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives.
Operating Activities
Transactions and other events that are not investing or financing activities, relating to the primary operations of a business.
Financing Activities
Activities that result in changes in the size and composition of the equity capital and borrowings of a company.
- Familiarize oneself with the concept and aim of the cash flow statement.
Verified Answer
CS
Chanon SmitthakornJun 06, 2024
Final Answer :
C
Explanation :
The statement of cash flows is a financial statement that reports the cash inflows and outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.
Learning Objectives
- Familiarize oneself with the concept and aim of the cash flow statement.