Which statement summarizes the actual change in cash for a company over a specific period?

The Statement of Cash Flows is the document that specifically summarizes the actual change in cash for a company over a given period of time. This statement provides a detailed report of cash inflows and outflows resulting from operating, investing, and financing activities. It helps stakeholders understand how well a company generates cash to pay its debts and fund its operating expenses.

Unlike the Balance Sheet, which presents a snapshot of a company’s financial position at a single point in time, or the Income Statement, which details revenues and expenses to show profitability without directly indicating cash movements, the Statement of Cash Flows is specifically focused on the cash aspect of operations. The Statement of Retained Earnings, on the other hand, outlines changes in equity and retained earnings, but does not address cash flows. Thus, the Statement of Cash Flows provides the most relevant information regarding actual cash changes within the specified period.