Which of the following is a characteristic of a cash-flow statement?
A)It covers a period of time, usually one month or one year.
B)It shows if you were able to live within your income for the period covered.
C)The statement includes three sections: income, expenses, and surplus (or deficit).
D)All of these.

Question

Quizplus · Accepted Answer

All three statements are true. A cash-flow statement covers a period of time, usually one month or one year. It shows if you were able to live within your income for the period covered, and the statement includes three sections: income, expenses, and surplus (or deficit).

Which of the Following Is a Characteristic of a Cash-Flow