The Statement of Cash Flows Is

question 82

Multiple Choice

The statement of cash flows is

• A)Another name for the statement of financial position
• B)A financial statement that reports the cash inflows and outflows for an accounting period
• C)A financial statement that presents information about what happened to equity during a period
• D)A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date
• E)A financial statement that lists the types and amounts of the revenues and expenses of a business

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Definitions:

Parking Lot

An area designated for the parking of vehicles, commonly found adjacent to buildings or in urban areas.

Capital Expenditures

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, or equipment.

Utility of Fixed Assets

The value or service that fixed assets, such as machinery and buildings, provide to a business over their useful lives.

Accounting Period

A period of time used for calculating financial performance, commonly a quarter (three months) or a year, during which all financial transactions are recorded and reported.