Karter is very busy and wants to produce a financial report that details the inflows and outflows of cash for his company over the last month.He is interested in producing a/an ______.
A)shareholders statement
B)cash flow statement
C)entrepreneur's scorecard
D)accrued expenses report

Question

Quizplus · Accepted Answer

A cash flow statement is specifically designed to report on the inflows and outflows of cash for a particular company during a specific period of time, making it the most appropriate choice for Karter's needs. A shareholders statement provides information about a company's financial performance and how it impacts the value of a shareholder's investment, but does not focus specifically on cash flow. An entrepreneur's scorecard is a tool for tracking and evaluating the performance of a business, but is not a specific financial report. An accrued expenses report provides information about expenses that have been incurred but not yet paid, but does not track cash flows.

Karter Is Very Busy and Wants to Produce a Financial