A financial statement that shows the cash inflows and outflows of a business is called a(n)

Question

Quizplus · Accepted Answer

The statement of cash flows shows the cash inflows and outflows of a business, including operating, investing, and financing activities. The income statement shows revenues and expenses, the balance sheet shows assets, liabilities, and equity, and the common-size financial statement is a variation of the other financial statements that expresses each line item as a percentage of a chosen base, typically total assets or total revenue.

A Financial Statement That Shows the Cash Inflows and Outflows