The ________ is the financial statement describing a firm's yearly cash receipts and cash payments.

Question

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The cash flow statement is the financial statement that describes a firm's yearly cash receipts and cash payments. The income statement shows a firm's revenues and expenses over a period of time, while the balance sheet shows a firm's assets, liabilities, and equity at a specific point in time. The statement of retained earnings shows how a firm's retained earnings have changed over a period of time.

The ________ Is the Financial Statement Describing a Firm's Yearly