The Statement of Cash Flows

question 143

Multiple Choice

The statement of cash flows

• A) is prepared instead of an income statement under generally accepted accounting principles.
• B) is used to assess an entity's ability to pay dividends and meet obligations.
• C) is prepared from comparative income statements.
• D) reflects earnings per share figures on a cash basis and on an accrual basis in the body of the statement.

---

Definitions:

Yellow Dog Contract

An employment agreement where the worker agrees not to join a union as a condition of employment, now illegal in many countries.

Secondary Boycott

A protest tactic used by unions, targeting a business's dealings with another company, not directly involved in a labor dispute, to pressure the initial business.

Norris-LaGuardia Act

A 1932 United States federal law that limited the power of federal courts to issue injunctions against non-violent labor disputes.

Union Organizing

The process by which workers form or join a union to collectively bargain with their employer.