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

Question

Quizplus · Accepted Answer

The statement of cash flows reports the inflows and outflows of cash during the time period covered, including operating, investing, and financing activities. It shows the beginning and ending cash balances and the net increase or decrease in cash. The income statement reports revenues and expenses, and the statement of retained earnings explains the change in the company's retained earnings (which is a component of stockholders' equity). The cash budget is a management tool used to plan cash inflows and outflows in the future.

Which of the Following Financial Statements Reports an Increase or Decrease