The Statement of Cash Flows Reports All but Which of the Following

question 159

Multiple Choice

The statement of cash flows reports all but which of the following?

• A)Cash flows from operating activities.
• B)Cash flows from financing activities.
• C)Cash flows from investing activities.
• D)Significant noncash financing and investing activities.
• E)The financial position of the company at the end of the accounting period.

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Definitions:

Net Income

The amount of money a business keeps after deducting all expenditures and taxes from its overall revenue.

Average Number

A mathematical concept that represents the central or typical value in a set of numbers, calculated by dividing the sum of all values by the count of numbers.

Current Assets

Assets owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle.

Gross Profit

The difference between total revenue and the cost of goods sold, before deducting any selling, administrative, or other expenses.