Question

Statement of an organization's ability to meet its current and short-term obligations, showing incoming and outgoing cash and cash reserves in operations, investments, and financing.

Bank statement
Cash flow statement
Asset statement

Answer 1

A Cash Flow Statement is an organization's ability to meet its current and short-term obligations, showing incoming and outgoing cash and cash reserves in operations, investments, and financing.

Step-by-step explanation:

A Cash Flow Statement is an organization's ability to meet its current and short-term obligations, showing incoming and outgoing cash and cash reserves in operations, investments, and financing. It provides a detailed breakdown of the sources and uses of cash during a specific period of time, usually a fiscal year. It helps stakeholders, such as investors and creditors, assess the financial health and liquidity of the organization.