Question

Which report shows financial transactions over a specified period of time in terms of where the money came from, what was spent, and what was left over after all expenses were paid?

A) Income statement
B) Balance sheet
C) Cash flow statement
D) Budget report

Answer 1

The Cash Flow Statement shows financial transactions over a specified period of time in terms of where the money came from, what was spent, and what was left over after all expenses were paid.

Step-by-step explanation:

The report that shows financial transactions over a specified period of time in terms of where the money came from, what was spent, and what was left over after all expenses were paid is the Cash Flow Statement. The Cash Flow Statement provides information about the inflow and outflow of cash in an organization, including operating activities, investing activities, and financing activities.