If a Company Is to Succeed Over the Long-Term,a Positive

question 64

True/False

If a company is to succeed over the long-term,a positive cash flow from operating activities is necessary.

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Definitions:

Journals

Recorded chronological entries that detail all the financial transactions of a business, used as the initial place of record.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Increase

An upward movement in quantity, value, or some measure of performance.

Revenues

Revenues refer to the income that a business generates from its normal business operations, typically from the sale of goods and services to customers.