The financial statement that describes where a company's cash came from and where it went during the period is the:
A)Statement of financial position
B)Statement of cash flows
C)Balance sheet
D)Income statement
E)Statement of retained earnings

Question

Quizplus · Accepted Answer

The statement that describes the inflows and outflows of cash during a period is the statement of cash flows. The other statements (statement of financial position, balance sheet, income statement, statement of retained earnings) focus on different aspects of a company's financial situation.

The Financial Statement That Describes Where a Company's Cash Came