The statement of cash ﬂows is dated exactly like the income statement but unlike the statement of ﬁnancial position.

Question

Quizplus · Accepted Answer

The statement of cash flows is dated exactly like the income statement, with the time period covered by the statement listed at the top. In contrast, the statement of financial position (balance sheet) does not include a specific date range, as it provides a snapshot of the company's financial position at a single moment in time.

The Statement of Cash ﬂOws Is Dated Exactly Like the Income