The _____ identifies a firm's sources and uses of money in a given accounting period based on the firm's operating, investing, and financing activities.
A) balance sheet
B) statement of retained earnings
C) statement of cash flows
D) income statement

Question

Quizplus · Accepted Answer

The statement of cash flows provides information on a company's sources and uses of cash in a given period, including operating, investing, and financing activities. The balance sheet reports a company's assets, liabilities, and equity at a specific point in time. The statement of retained earnings shows changes in a company's retained earnings over time, while the income statement reports on a company's revenues, expenses, and net income over a given period.

The _____ Identifies a Firm's Sources and Uses of Money