A ________ provides a summary of cash coming into and money going out of a firm from operations activities, financing activities, and investing activities.
A) income statement
B) statement of cash flows
C) cash budget
D) cash receivables and payables report

Question

Quizplus · Accepted Answer

The statement of cash flows provides a summary of cash coming into and money going out of a firm from operations activities, financing activities, and investing activities. The income statement shows the profitability of the company while the cash budget is a projection of expected cash inflows and outflows in the future. A cash receivables and payables report shows the details of amounts owed and received by the company, but not the overall summary of cash flows.

A ________ Provides a Summary of Cash Coming into and Money