Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

Question

Quizplus · Accepted Answer

The cash flow statement reports the increase or decrease in net cash during the time period covered, including inflows and outflows from operating, investing, and financing activities. The income statement reports the company's revenues and expenses, and the statement of changes in equity reports the changes in the company's equity accounts. The balance sheet reports the company's assets, liabilities, and equity at a specific point in time, but does not reflect changes in net cash during the period.

Which of the Following Financial Statements Reports an Increase or Decrease