The Statement of Cash Flows:
A)Summarizes the assets and liabilities of a firm
B)Summarizes the income and expenses of a firm
C)Summarizes the sources and uses of cash of a firm
D)Summarizes the assets and expenses of a firm

Question

The Statement of Cash Flows: ​
A)Summarizes the assets and liabilities of a firm
B)Summarizes the income and expenses of a firm
C)​Summarizes the sources and uses of cash of a firm
D)Summarizes the assets and expenses of a firm

Quizplus · Accepted Answer

The statement of cash flows summarizes the sources and uses of cash of a firm, including cash inflows and outflows from operating, investing, and financing activities. It does not summarize the assets and liabilities, income and expenses, or assets and expenses of a firm.

The Statement of Cash Flows: ​

The Statement of Cash Flows: