The statement of cash flows
A)must be prepared on a daily basis.
B)summarizes the operating, financing, and investing activities of a company.
C)is another name for the statement of income.
D)is a special section of the statement of income.

Question

Quizplus · Accepted Answer

The statement of cash flows is a financial statement that summarizes the cash inflows and outflows from a company's operating, investing, and financing activities over a specific period, providing insight into its cash position and liquidity.

The Statement of Cash Flows