The statement of cash flows ________.
A)describes the financial situation of a company at a specific point in time
B)is a summary of all of the revenues minus all of the expenses for an accounting period
C)shows the changes that took place in the amount of shareholders' equity during a period
D)is a list of all the cash collected and cash paid during a period

Question

Quizplus · Accepted Answer

The statement of cash flows is a list of all the cash collected and cash paid during a period. It shows the inflows and outflows of cash, as well as the beginning and ending balances of cash for the period. It is an important financial statement because it helps to see how a company manages its cash resources.

The Statement of Cash Flows ________