The Financial Statement That Describes Where a Company's Cash Came

question 26

Multiple Choice

The financial statement that describes where a company's cash came from and how it was spent during the period is the:

• A)Statement of financial position.
• B)Statement of cash flows.
• C)Balance sheet.
• D)Income statement.
• E)Statement of retained earnings.

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Definitions:

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The social science that studies how individuals, groups, and nations manage and use resources, including the production, distribution, and consumption of goods and services.

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Payments made to employees, typically on a monthly or biweekly basis, for performing their job duties, often expressed as an annual total.

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