The Statement of Cash Flows

question 48

Multiple Choice

The statement of cash flows

• A) must be prepared on a daily basis.
• B) summarizes the operating financing and investing activities of an entity.
• C) is another name for the income statement.
• D) is a special section of the income statement.

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Definitions:

Relative Refractory Period

A period shortly after the firing of a nerve during which the nerve cannot be stimulated to fire again at its maximum rate, but can still respond to a stronger than usual stimulus.

Firing Rate

The frequency at which a neuron discharges electrical impulses over a certain period of time.

Absolute Refractory Period

The period immediately following an action potential during which a neuron is completely unable to fire another action potential, regardless of the strength of the stimulus.

Action Potential

A temporary inversion of the electrical potential across the membrane of a nerve or muscle cell, allowing for the transmission of signals.