The Accounting Statement That Reports Cash Receipts and Disbursements for a Business

question 288

Multiple Choice

The accounting statement that reports cash receipts and disbursements for a business is called the:

• A)income statement.
• B)balance sheet.
• C)cash flow statement.
• D)cash basis trial balance.

---

Definitions:

Interest Rate

The cost of borrowing money or the return on investment, typically expressed as a percentage of the sum borrowed or invested per year.

Undertake Project

To begin or commit to a planned series of actions or tasks.

Present Discounted Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return or discount rate.

Expected Profits

The anticipated earnings from an investment or business venture, taking into account factors like revenue, costs, and risk.