Question

Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period? The statement of retained earnings. The statement of working capital. The statement of cash flows. The statement of net worth.

Answer 1

The correct answer is The statement of cash flows. The statement that presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of thataccounting period is "the statement of cash flows."