The ﬁnancial statement summarizing a ﬁrm's performance over a period of time is the statement of
cash ﬂows

Name: The ﬁnancial statement summarizing a ﬁrm's performance over a period of time is the statement of cash ﬂows
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The statement of cash flows is one of the three main financial statements, but it specifically summarizes the firm's inflows and outflows of cash over a period of time. The financial statement summarizing a firm's performance over a period of time is the income statement.

The ﬁNancial Statement Summarizing a ﬁRm's Performance Over a Period