Which one of the following is the financial statement that summarizes changes in the company's cash balance over a period of time?
A) income statement
B) balance sheet
C) cash flow statement
D) shareholders' equity statement
E) market value statement

Question

Quizplus · Accepted Answer

The cash flow statement summarizes the changes in the company's cash balance over a certain period of time. It shows the inflows and outflows of cash from operating, investing, and financing activities. The income statement shows the company's revenue, expenses, and net income or loss for a period. The balance sheet shows the company's assets, liabilities, and shareholders' equity at a specific point in time. The shareholders' equity statement shows the changes in equity from net income/loss, dividends, and stock issuances or repurchases. The market value statement is not a commonly used financial statement.

Which One of the Following Is the Financial Statement That