Which of the following would provide stakeholders with information about how a firm obtained and used cash in the most recent accounting period, as well as its cash balance at the end of the accounting period?
A) shareholders' equity statement
B) income statement
C) statement of cash flows
D) cash budget

Question

Quizplus · Accepted Answer

The statement of cash flows provides information about a firm's cash inflows and outflows during the accounting period, including how cash was obtained and used, and the cash balance at the end of the period. The shareholders' equity statement shows changes in equity accounts, the income statement shows revenue, expenses and profits, and the cash budget is a projection of the future cash inflows and outflows.

Which of the Following Would Provide Stakeholders with Information About