In the Context of Electronic Bill Presentment and Payment, the Method

question 39

True/False

In the context of electronic bill presentment and payment, the method of biller-direct is one where you use the "bill-pay" service at your bank to automatically pay your monthly bills.

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Definitions:

Statement of Cash Flows

A financial statement showing the cash inflows and outflows from operating, investing, and financing activities over a specific period.

Operating Activities

Day-to-day business functions and transactions related to a company's core business operations, such as sales and purchasing.

Net Income

The profit a company has after all expenses, taxes, and costs have been subtracted from total revenue.

Cash Dividends

Payments made by a corporation to its shareholders, usually in the form of cash, as a distribution of the company’s earnings.