An income statement will give the answer to the question

Name: An income statement will give the answer to the question - "where did all the cash get used during this month?"
Brand: Quizplus
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Question

An income statement will give the answer to the question - "where did all the cash get used during this month?"

Quizplus · Accepted Answer

An income statement shows the company's revenues and expenses during a particular period, not specifically how cash was used. A cash flow statement would provide details on how cash was used during the period.