The Financial Statement That Summarizes the Operating,investing,and Financing Activities of a Business

question 141

Short Answer

The financial statement that summarizes the operating,investing,and financing activities of a business over a period of time is the __________.

---

Definitions:

Malpractice Claim

A malpractice claim is a lawsuit brought against a professional (commonly in healthcare) for negligence or failure to perform their duties to an acceptable standard, resulting in harm to a client or patient.

Professional Indemnity Insurance

A type of liability insurance that helps protect professionals from claims made by their clients for errors or omissions.

GAAP

Generally Accepted Accounting Principles, which are a standard framework of guidelines for financial accounting.

Negligent

Being negligent means failing to take proper care in doing something, resulting in damage or harm to others.