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Describes the statement of cash flows

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Problem 1: Which of the following statements accurately describes the statement of cash flows?

A) It shows the relative proportion of debt and assets.

B) It is the link between the accrual-based income statement and the cash reported on the balance sheet.

C) It indicates when long-term debt will mature.

D) It is the link between net income and earnings per share.

Problem 2: A business's cash receipts and cash payments for a specific period are reported on a(n).

A) income statement

B) balance sheet

C) statement of cash flows

D) cash reconciliation statement

Reference no: EM132733245

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