Which of the following is the financial statement used to assess the sources and uses of cash during the year?
A) the trial balance
B) the balance sheet
C) the income statement
D) the statement of cash flows

Question

Quizplus · Accepted Answer

The statement of cash flows is the financial statement that provides information on the sources and uses of cash during the year. The trial balance is a list of all accounts and their balances, the balance sheet reports a company's assets, liabilities, and equity at a specific point in time, and the income statement reports a company's revenues and expenses over a period of time.

Which of the Following Is the Financial Statement Used to Assess