One of the purposes of a cash flow statement is to reconcile:
A) net income for the year to the closing cash balance.
B) revenues to cash received from customers.
C) net income for the year to cash from operating activities.
D) the movement in cash from the cash balance at the beginning of the accounting period to the cash balance at the end of the accounting period.

Question

Quizplus · Accepted Answer

the cash flow statement shows the net increase in cash for the period, reconciling the opening balance to the closing balance

One of the Purposes of a Cash Flow Statement Is