Which one of the following financial statements does not report amounts primarily on an accrual basis?
A) Income statement.
B) Balance sheet.
C) Statement of cash flows.
D) Statement of shareholders' equity.

Question

Quizplus · Accepted Answer

The statement of cash flows reports amounts primarily on a cash basis. The income statement, balance sheet, and statement of shareholders' equity report amounts primarily on an accrual basis.

Which One of the Following Financial Statements Does Not Report