The statement of cash flows

A) must be prepared on a daily basis.
B) summarizes the operating financing and investing activities of an entity.
C) is another name for the income statement.
D) is a special section of the income statement.

Operating Financing

Refers to the process of planning and managing the day-to-day financial operations of a company, including sourcing and utilizing funds.

Investing Activities

Financial activities related to the acquisition or disposal of long-term assets and investments not included in cash equivalents.

Statement of Cash Flows

An accounting report detailing the impact of variations in balance sheet accounts and earnings on cash and cash equivalents, categorizing the analysis among operating, investing, and financing activities.