Which one of the following financial statements shows the end of the year cash balance for a business entity?

Question

Quizplus · Accepted Answer

The balance sheet shows the ending cash balance as part of the assets section, while the statement of cash flows provides more detailed information about the sources and uses of cash during the year that impacted the ending cash balance. The income statement and statement of retained earnings show net income and changes to the retained earnings account, but they do not necessarily reflect the final cash balance.

Which One of the Following Financial Statements Shows the End