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:

Thinking Outside

A creative thinking technique involving looking beyond conventional ideas and methods to solve problems.

Rubber

A stretchy, flexible material produced from the latex of certain plants or synthetically through petrochemical processes, used in various products, including tires and gloves.

Cement

A powdery substance made with calcined lime and clay that, when mixed with water, forms a paste that hardens and is used in building for bonding bricks or stones.

Traditional Thinking

A way of thinking that adheres to long-established practices, rules, or patterns, often resisting change or innovation.