Asked by Demia Kelly on Jun 06, 2024

verifed

Verified

__________ is a report of the cash flow generated by the firm's operations, investments, and financial activities.

A) The balance sheet
B) The income statement
C) The statement of cash flows
D) The auditor's statement of financial condition
E) None of the options are correct.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, dividing activities into operating, investing, and financing activities.

Cash Flow

Cash flow refers to the net amount of cash and cash-equivalents being transferred into and out of a business, illustrating the company's financial health and operational efficiency.

Operations

The day-to-day activities and processes conducted by a business to generate value and serve its customers effectively.

  • Comprehend the information contained within primary financial statements, including the balance sheet, income statement, and statement of cash flows.
verifed

Verified Answer

SM
Shadely MarreroJun 11, 2024
Final Answer :
C
Explanation :
The statement of cash flows is specifically designed to report a company's cash inflows and outflows from its operational, investing, and financing activities.