What is the source of the cash balance at the beginning and end of the year, as shown on the statement of cash flows?
A) the statement of income
B) the statement of financial position
C) the statement of changes in equity
D) the cash budget

Question

Quizplus · Accepted Answer

The cash balance at the beginning and end of the year, as shown on the statement of cash flows, comes from the statement of financial position (balance sheet). This statement provides a snapshot of a company's financial position at a specific point in time, including its cash and cash equivalents.

What Is the Source of the Cash Balance at the Beginning