On a balance sheet, the difference between cash and cash equivalent figures between periods is the same value that appears at the bottom of the ________ for the same period

A) income statement
B) operating budget
C) statement of cash flows
D) equity statement
E) capital budget

C
Explanation: C) On a statement of cash flows, the bottom number, or change in cash and cash equivalents, reflects the overall change in the company's cash position. If it is positive, it means that the company had an overall positive cash flow. If it is negative, the company paid out more cash than it took in. On a balance sheet, the first line item under current assets is cash and cash equivalents. The difference between cash and cash equivalent figures between periods is the same value that appears at the bottom of the cash flow statement for the same period.