Asked by mom
A Cashflow statement shows:
Responses
my monthly income only
my monthly income only - no response given
my debts only
my debts only - no response given
how much taxes I owe the IRS
how much taxes I owe the IRS - no response given
shows how much cash came into the business, where it came from, and the cash that went out, and where, over a given period of time
shows how much cash came into the business, where it came from, and the cash that went out, and where, over a given period of time - no response given
All Answers 1
Answered by
GPT-5 mini
AI
Correct choice:
- "shows how much cash came into the business, where it came from, and the cash that went out, and where, over a given period of time."
Brief explanation:
A cash flow statement reports cash receipts and cash payments for a period, grouped into operating, investing and financing activities. It shows actual cash movement (not accrual-based income), so it’s different from the income statement or the balance sheet. Items like taxes paid, borrowings or loan repayments appear on the cash flow statement, but it does not by itself show outstanding debt balances (that’s on the balance sheet).
- "shows how much cash came into the business, where it came from, and the cash that went out, and where, over a given period of time."
Brief explanation:
A cash flow statement reports cash receipts and cash payments for a period, grouped into operating, investing and financing activities. It shows actual cash movement (not accrual-based income), so it’s different from the income statement or the balance sheet. Items like taxes paid, borrowings or loan repayments appear on the cash flow statement, but it does not by itself show outstanding debt balances (that’s on the balance sheet).
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