What is reported on the statement of cash flows?
A)Operating, investing, and financing activities of an entity for a period of time
B)All revenues and expense listed by operating, financing, and operating activity
C)Operating, investing, and financing activities of an entity at the balance sheet date
D)A detail of all incoming and outgoing cash flows of a business

Question

Quizplus · Accepted Answer

The statement of cash flows reports the operating, investing, and financing activities of an entity for a specific period of time, typically a financial year. This provides information on how much cash is generated or used up by the entity's core operations, investments, and financing activities during the period. The statement does not list all revenues and expenses, but rather focuses on the cash inflows and outflows associated with these activities.

What Is Reported on the Statement of Cash Flows