_____ Reports Information About Cash Generated from (Or Used By)

question 50

Multiple Choice

_____ reports information about cash generated from (or used by) operating, investing, and financing activities during specified time periods.

• A)Statement of sources and uses of cash
• B)Statement of cash flows
• C)Statement of cash receipts and disbursements
• D)Funds flow statement
• E)Balance sheet

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Definitions:

Credits

Accounting entries that decrease assets or increase liabilities and equity on the balance sheet.

Debits

In accounting, debits are entries on the left side of an account ledger, indicating increases in asset or expense accounts, or decreases in liability, equity, or revenue accounts.

Credit

An accounting entry that represents an increase in liabilities or equity or a decrease in assets, opposite of a debit.

Offset Side

The side of a transaction that counterbalances the primary entry, ensuring the accounting equation remains balanced.