Karter is very busy and wants to produce a financial report that details the inflows and outflows of cash for his company over the last month.He is interested in producing a ______.
A)balance sheet
B)cash flow statement
C)entrepreneurs scorecard
D)income statement

Question

Quizplus · Accepted Answer

A cash flow statement provides a summary of the cash inflows and outflows of a company. This will allow Karter to understand how much money is coming in and going out, as well as the timing of the cash flows. A balance sheet provides a snapshot of the company's financial position at a point in time, an income statement shows the company's revenues and expenses over a period of time, and an entrepreneur's scorecard is a tool used to measure various aspects of a company's performance, but none of these options would provide the information Karter needs to produce a financial report that details the inflows and outflows of cash.

Karter Is Very Busy and Wants to Produce a Financial