The income statement and the cash flow statement are different names for the same thing.

Question

Quizplus · Accepted Answer

The income statement and cash flow statement are two different financial statements that provide different information. The income statement shows the company's revenues, expenses, and net income or loss over a period of time. The cash flow statement, on the other hand, shows the sources and uses of cash during a specific time period, including operating activities, investing activities, and financing activities.

The Income Statement and the Cash Flow Statement Are Different