The financial statement that reports cash receipts and cash payments classified according to the company's major activities of operating, investing, and financing is the:

Question

Quizplus · Accepted Answer

The statement of cash flows reports cash inflows and outflows categorized into 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 revenues and expenses over a period of time, and there is no statement of operating activities.

The Financial Statement That Reports Cash Receipts and Cash Payments