The accounting report that is specifically designed to answer the question 'What cash movements took place over a particular period?' is the:
A) balance sheet.
B) income statement.
C) cash flow statement.
D) all of the above.

Question

Quizplus · Accepted Answer

The cash flow statement is specifically designed to show the cash movements that took place over a particular period, including cash inflows and outflows from operating, investing, and financing activities. The balance sheet shows the financial position at a particular point in time, while the income statement shows the financial performance over a particular period. Therefore, options A and B are not correct answers.

The Accounting Report That Is Specifically Designed to Answer the Question