BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income Statement
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Balance Sheet
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Cash Flow Statement
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Statement of Owner’s Equity
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Detailed explanation-1: -A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.
Detailed explanation-2: -Statement #3: The statement of cash flows As with an income statement, the statement of cash flows reflects a company’s financial activity over a period of time. It shows where a company’s cash comes from and how it’s used to pay for operations and/or to invest in the future.
Detailed explanation-3: -When cash is paid to suppliers on account, which section of the statement of Cash Flow is affected? Cash Flow from Operating Activities. On April 1, Bear Inc. paid $2, 400 for an insurance premium on a three-year insurance policy.
Detailed explanation-4: -Your balance sheet tells you how much value you have on hand (assets) and how much money you owe (liabilities). Assets can include cash, accounts receivable, equipment, inventory, or investments.