Question

Which one of the following is the financial statement that summarizes changes in the company's cash balance over a period of time?

income statement

balance sheet

cash flow statement shareholders' equity statement

market value statement

Answer 1

Answer : Cashflow Statement

1) Income statement: Statement showing a company's financial performance (whether profit or loss) over a period of time. It consider income and expenses.

2) Balance sheet: Statement showing a company's financial position (assets, liabilities, equity) at a given date.

3) Cash flow statement: Statement showing cash inflows and outflows from operating, investing and financial activities over a period of time.

4) Shareholders' equity statement: Statement showing changes in value of Shareholders' equity over a period of time.

5) Market value statement: Statement showing the goods and/or service offered by the company to its customers and help the customer to decide whether he should buy a product or use service.