Which of the following financial statements reports cash receipts and cash payments during a period of time?
A) Statement of cash flows
B) Balance sheet
C) Income statement
D) Statement of owner's equity

Question

Quizplus · Accepted Answer

The statement of cash flows reports the cash receipts and cash payments during a period of time, including operating, investing, and financing activities. The balance sheet reports the assets, liabilities, and equity of a company at a specific point in time. The income statement reports revenues and expenses over a period of time to determine net income. The statement of owner's equity reports the changes in equity during a period of time from contributions, net income, and distributions.

Which of the Following Financial Statements Reports Cash Receipts and Cash