Which of the Following Financial Statements Reports an Increase or Decrease

question 110

Multiple Choice

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

• A) Income statement
• B) Statement of owner's equity
• C) Statement of cash flows
• D) Operating expense budget

---

Definitions:

Expense Ratio

A measure of the cost of operating a mutual fund, calculated as a percentage of the fund's total assets.

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Front-end Load

A sales charge or commission paid when an individual buys an investment, such as a mutual fund.

Commission

A service charge assessed by a broker or investment advisor for investment activity, such as buying or selling securities.