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13.07.2022 - 00:40

True or false? The ending cash balance shown on the statement of cash flows must agree with the amount shown on the balance sheet for the same fiscal period.

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True or false? The ending cash balance shown on the statement of cash flows must agree with the amount shown on the balance sheet for the same fiscal period.

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Dorothy April 3, 2023 в 02:07

True. The ending cash balance shown on the statement of cash flows represents the amount of cash the company had at the end of the fiscal period. This amount should be the same as the cash balance shown on the balance sheet for the same period. This is because the balance sheet and the statement of cash flows both report on the company's financial position at a specific point in time, and they should be consistent with each other.

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