What Is Reported on the Statement of Cash Flows

question 19

Multiple Choice

What is reported on the statement of cash flows?

• A) Operating, investing, and financing activities of an entity for a period of time
• B) All revenues and expense listed by operating, financing, and operating actitivity
• C) Operating, investing, and financing activities of an entity at the balance sheet date
• D) A detail of all incoming and outgoing cash flows of a business

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Definitions:

Reasonably Safe

A standard requiring that a product, environment, or practice should not pose significant harm to individuals when used or engaged in as intended, taking into account possible preventive measures.

Strictly Liable

Refers to the legal responsibility of a party for damages or loss, regardless of fault or negligence.

Reasonable Person

A reasonable person is a legal standard used to represent a hypothetical person who exercises average care, skill, and judgment in conduct, serving as a comparative standard in negligence cases.

Law of Torts

A component of civil law dealing with the compensation of victims for harm caused by someone’s negligence or intentional acts.