Which of the following is a summary of the money flowing into and out of a company?
A) short-term budget
B) statement of cash flows
C) balance sheet
D) income statement

Question

Quizplus · Accepted Answer

The statement of cash flows is specifically designed to show the inflow and outflow of cash in a company over a certain period of time, making it the best choice for this question. The other options listed provide different types of financial information, such as a snapshot of a company's financial position (balance sheet), a record of revenue and expenses (income statement), or a short-term plan for allocating funds (short-term budget).

Which of the Following Is a Summary of the Money