Preparation of the Statement of Cash Flows Does Not Involve

question 3

Multiple Choice

Preparation of the statement of cash flows does not involve:

• A)Computing the net increase or decrease in cash.
• B)Computing and reporting net cash provided or used by operations.
• C)Computing the profit compared to the net increase or decrease in cash.
• D)Computing and reporting net cash provided or used by financing activities.
• E)Computing and reporting net cash provided or used by investing activities.

---

Definitions:

Lean Business Model

An approach to business aimed at creating value for customers with minimal waste and resources.

Planning (P)

The process of setting objectives, developing strategies, and outlining tasks and schedules to achieve the goals.

Implementation (I)

The process of putting a decision or plan into effect; the action that must follow any preliminary thinking in order for something to actually happen.

Control (C)

In management and accounting, this refers to the systems and processes that are used to monitor and manage an organization's financial resources and operations.