Which of the Following Are Used to Determine Cash Flows

question 176

Multiple Choice

Which of the following are used to determine cash flows from financing activities?

• A)Short-term debt,Accrued Liabilities,Common Stock,and Notes Payable
• B)Long-term debt,Common Stock,and Retained Earnings
• C)Short-term debt,Accrued Liabilities,Retained Earnings,and Bonds Payable
• D)Long-term debt,Notes Payable,Interest Expense,and Bonds Payable

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Definitions:

Net Income

The concluding profit margin of a company after deducting all operational expenditures and taxes from its income.

Revenues

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Beginning Inventory

The amount of goods presented for buying at the initial stage of an accounting term.

Goods Available for Sale

The total quantity of goods that a company has in stock and is available to be sold, including both finished goods and those still in production.