The cash held by a company at the end of the year is found on which of the following two statements?

Question

Quizplus · Accepted Answer

The cash held by a company at the end of the year is found on the Balance Sheet and Statement of Cash Flows. The Balance Sheet reports a snapshot of a company's assets, liabilities, and equity at a given point in time, including the amount of cash and cash equivalents on hand. The Statement of Cash Flows, on the other hand, reports the inflows and outflows of cash during the year, including the ending cash balance.

The Cash Held by a Company at the End of the Year