The sources and uses of cash over a stated period of time are reflected on the:
A) income statement.
B) balance sheet.
C) shareholders' equity statement.
D) cash flow statement.
E) statement of operating position.

Question

Quizplus · Accepted Answer

The sources and uses of cash are reflected on the cash flow statement, which shows the inflows and outflows of cash over a specified period of time. The income statement shows a company's revenues and expenses, the balance sheet reflects a company's assets, liabilities, and equity at a specific point in time, the shareholders' equity statement shows changes in the company's equity over time, and the statement of operating position is not a commonly used financial statement.

The Sources and Uses of Cash Over a Stated Period