To calculate the amount of cash that a business has at a given point in time,the manager must construct a(an)
A) cash flow statement.
B) breakeven analysis.
C) equity statement.
D) capital ownership statement.
E) covenant statement.

Question

Quizplus · Accepted Answer

A cash flow statement shows the inflow and outflow of cash for a business over a specific period of time, which would allow the manager to calculate the amount of cash the business has at a given point in time. The other options do not directly relate to determining the amount of cash a business has.

To Calculate the Amount of Cash That a Business Has