Question

A statement of cash flows explains the differences between the beginning and ending balances of: Multiple...

A statement of cash flows explains the differences between the beginning and ending balances of:

Multiple Choice

  • Net income.

  • Cash and cash equivalents.

  • Working capital.

  • Cash, cash equivalents, and short-term investments.

  • Equity.

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Answer #1

The answer is Cash and cash equivalents.

Justify:- A statement of cash flows explains the differences between the beginning and ending balances of Cash and cash equivalents.

Cash flow include both cash and cash equivalents. the statement of cash flow explains the difference between the beginning and ending balance of cash and cash equivalents. we continue to use the phrases cash flow and the statement of cash flows, but remember that both phrases refer to cash and cash equivalents.

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