Which of the Following Financial Statements Reports an Increase or Decrease

question 71

Multiple Choice

Which of the following financial statements reports an increase or decrease in net cash during the time period covered?

• A)income statement
• B)statement of owner's equity
• C)statement of cash flows
• D)cash budget

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Definitions:

Operating Expenses

Costs incurred during the normal operations of a business, such as sales and marketing, administration, and cost of goods sold.

Gross Margin

The difference between sales and the cost of goods sold, which measures the profitability of the products sold before other expenses are deducted.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Income From Operations

Earnings generated from a company's regular business activities, excluding revenues and expenses from non-operating activities.