Question

The statement of cash flows will not report the amount of checks outstanding at the end of the period. sources of cash in the current period. uses of cash in the current period. change in the cash balance for the current period

Answer 1

Answer:

The amount of checks outstanding at the end of the period

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

It records the sources of cash, uses of cash, changes in the cash balance, etc.