Question

The _____ would provide stakeholders with information about how a firm obtained and used cash in the most recent accounting period, as well as its cash balance at the end of the accounting period.

a. cash budget
b. income statement
c. stockholders’ equity statement
d. statement of cash flows

Answer 1

The correct answer is letter d. statement of cash flows. The statement of cash flows would provide stakeholders with information about how a firm obtained and used cash in the most recent accounting period, as well as its cash balance at the end of the accounting period.