The Statement of Cash Flows Is

question 81

Multiple Choice

The statement of cash flows is:

• A)The only financial statement that reports the cash balance of a company.
• B)A financial statement that presents information about changes in equity during a period.
• C)A financial statement that reports the cash inflows and outflows for an accounting period and that classifies those cash flows as operating activities,investing activities,or financing activities.
• D)A financial statement that lists the types and amounts of assets,liabilities,and equity of a business on a specific date.
• E)A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.

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Definitions:

Considerations

Factors thought about or taken into account before making a decision or judgment.

Brick-and-mortar Stores

Physical retail outlets located in buildings as opposed to online or virtual shops.

Reciprocal Pricing

Reciprocal pricing is a pricing strategy where competitors agree, either formally or informally, to set prices at a certain level, often to stabilize market conditions or ensure mutual profitability.

Contract Manufacturers

Companies that produce goods under contract for other companies, under the branding of the latter, often as a cost-saving measure.