The statement of cash flows:
A)Reports how equity changes at a point in time.
B)Reports how equity changes over a period of time.
C)Reports on cash flows for operating,financing,and investing activities over a period of time.
D)Reports on cash flows for operating,financing,and investing activities at a point in time.
E)Reports on amounts for assets,liabilities,and equity at a point in time.

Question

Quizplus · Accepted Answer

The statement of cash flows reports on the cash flows for operating, financing, and investing activities over a period of time. It does not report on changes in equity at a point in time, changes in equity over a period of time, cash flows at a point in time, or amounts for assets, liabilities, and equity at a point in time.

The Statement of Cash Flows