The financial statement that identifies a company's cash receipts and cash payments over a period of time is the:
A)Statement of financial position.
B)Statement of cash flows.
C)Balance sheet.
D)Income statement.
E)Statement of changes in stockholders' equity.

Question

Quizplus · Accepted Answer

The statement that identifies a company's cash receipts and cash payments over a period of time is the statement of cash flows. The other options are different financial statements that serve different purposes - the statement of financial position (also known as the balance sheet) shows a company's assets, liabilities, and equity at a specific point in time, the income statement shows a company's revenues and expenses over a period of time, and the statement of changes in stockholders' equity shows changes in a company's equity accounts.

The Financial Statement That Identifies a Company's Cash Receipts and Cash