Which financial statement below summarizes a company's cash inflow and outflow?
A)Statement of Cash Flows
B)Profit & Loss Statement
C)Balance Sheet
D)Income Statement

Question

Quizplus · Accepted Answer

The Statement of Cash Flows summarizes a company's cash inflow and outflow, including operating activities, investing activities, and financing activities. The Profit & Loss Statement (B), also known as the Income Statement (D), summarizes a company's revenues and expenses over a specific period of time. The Balance Sheet (C) provides a snapshot of a company's assets, liabilities, and shareholder equity at a specific point in time.

Which Financial Statement Below Summarizes a Company's Cash Inflow and Outflow