The Last Item on the Statement of Cash Flows Prior

question 79

Multiple Choice

The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports

• A) the increase or decrease in cash
• B) cash at the end of the year
• C) net cash flow from investing activities
• D) net cash flow from financing activities

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Definitions:

Progressive

In taxation, it refers to a system where the tax rate increases as the taxable amount increases.

Payroll Tax

Taxes that are withheld from an employee's salary by their employer and paid to the government, often used to fund social security and Medicare.

Social Security

A government program designed to provide financial support to people who are retired, disabled, or unable to work.

Corporate Sector

The portion of an economy comprised of corporations, including businesses and enterprises, engaged in commercial or industrial activities.