A _____ Is a Financial Report That Forecasts How Much

question 167

Multiple Choice

A _____ is a financial report that forecasts how much cash will be available after paying expenses.

• A) cash flow statement
• B) reconciliation statement
• C) workflow analysis
• D) balance sheet
• E) capital expenditure report

---

Definitions:

Net Income

The remaining profit for a company after removing taxes and expenses from its total income.

Common Stock

Equity shares issued by a corporation, representing ownership interests and voting rights in the company.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.

Note Payable

A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.