The financial statement which summarizes operating, investing, and financing activities of an entity for a period of time is the
A. retained earnings statement.
B. income statement.
C. statement of cash flows.
D. statement of financial position.
Answer:C
The financial statement which summarizes operating, investing, and financing activities of an entity for a period of time is the
A. retained earnings statement. B. income statement. C. statement of cash flows. D. statement of financial position.