What Is Reported on the Statement of Cash Flows

question 19

Multiple Choice

What is reported on the statement of cash flows?

• A) Operating, investing, and financing activities of an entity for a period of time
• B) All revenues and expense listed by operating, financing, and operating actitivity
• C) Operating, investing, and financing activities of an entity at the balance sheet date
• D) A detail of all incoming and outgoing cash flows of a business

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Definitions:

Owner's Equity Statement

A financial document showing the starting balance, additions and subtractions, and the ending balance of the owner’s equity account.

Freight-In

The cost associated with transporting goods into a business from suppliers, considered part of the cost of purchasing inventory.

Income Statement

A financial statement that shows the company's revenue and expenses over a specific period, resulting in net profit or loss.

Balance Sheet

A business document displaying a firm’s assets, debts, and owner's equity at a particular moment.