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Including more selected-response and other time-efficient items can:
Operating Activities
Transactions that relate to the primary operations of the company, such as cash received from sales of goods or services and cash paid for inventory, salaries, and rent.
Income Tax Expense
The cost of income taxes a company is obligated to pay to governmental authorities, reflected in its financial statements.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value.
Statement of Financial Position
A financial statement that shows an entity's assets, liabilities, and equity at a specific point in time, providing a snapshot of its financial condition.
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