The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the balance sheet.

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The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the statement of cash flows, not the balance sheet. The balance sheet reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

The Financial Statement That Explains How a Firm's Cash Changed