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1. Which financial report acts like the company’s checkbook?
The Earnings Statement.
The Cash Flow Statement.
The Balance Sheet.
2. The Cash Flow Statement organizes the accounts into what categories?
Revenue and Expenses.
Sources of Cash and Uses of Cash.
Cash from Operating Activities, Cash from Financing Activities, and Cash from Investing Activities.
3. What time period is normally used for creating the Cash Flow Statement?
Cash Flow Statements are normally created for a year, quarter, or month.
The Cash Flow Statement is for a point in time not a period in time.
Cash Flow Statements are normally created for the time of the loan.
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