The financial statement that identifies a company's cash receipts and cash payments over a period of time is the:

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about a company's cash inflows and outflows during a specific period, including operating activities, investing activities, and financing activities. This statement is important for analyzing a company's liquidity and cash management. The other options listed do not focus specifically on cash activities. The statement of financial position is also known as the balance sheet, which shows a snapshot of a company's assets, liabilities, and equity at a specific point in time. The income statement shows a company's revenue, expenses, and net income over a period of time. The statement of changes in owner's equity shows changes in equity over a period of time, including contributions, withdrawals, and net income.

The Financial Statement That Identifies a Company's Cash Receipts and Cash