The statement of cash flows is: a.A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date. b.A financial statement that presents information about changes in equity during a period. c.A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period. d.A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.
The statement of cash flows is: a.A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date. b.A financial statement that presents information about changes in equity during a period. c.A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period. d.A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The statement of cash flows is:
a.A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date.
b.A financial statement that presents information about changes in equity during a period.
c.A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.
d.A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.
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