On a balance sheet, the difference between cash and cash equivalent figures between periods is the same value that appears at the bottom of the ________ for the same period.

Question

Quizplus · Accepted Answer

The difference between cash and cash equivalent figures between periods is reflected in the statement of cash flows, which tracks the movement of cash and cash equivalents in and out of the business over a given period. The bottom line on the statement of cash flows shows the net increase or decrease in cash and cash equivalents for the period, which should match the difference between the cash and cash equivalent figures on the current and prior balance sheets.

On a Balance Sheet, the Difference Between Cash and Cash