Question

At the end of the first quarter (three months of business), Eliza has several questions about how things are going. If she wants to understand how much debt the business has right now, then she should look at the ________ that her accountant has prepared.

Answer 1

statement of cash flows

Step-by-step explanation:

the statement of cash flows shows the changes in cash for the same period of time as that covered by the income statement. The cash flow statement shows all sources (i.e., receipts) of cash and all the users (i.e., payments) of cash.

It provides information about:

cash receipts (inflows)

cash payments (outflows).