Which financial statement reports the amounts of cash that the firm generated and distributed during a particular time period?
A)Balance sheet
B)Income statement
C)Statement of retained Earnings
D)Statement of cash Flows

Question

Quizplus · Accepted Answer

The statement of cash flows reports the amounts of cash generated and distributed during a particular time period, including cash flows from operating, investing, and financing activities. The balance sheet reports the company's assets, liabilities, and equity at a specific point in time. The income statement reports the company's revenue, expenses, and net income over a specific period of time. The statement of retained earnings reports changes in the company's retained earnings over a specific period of time.

Which Financial Statement Reports the Amounts of Cash That the Firm