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:

Follow-Up

The process of monitoring, contacting, or checking in after an initial event, meeting, or treatment to ensure progress or address any subsequent issues.

Alcoholism Recovery

The process of overcoming the dependence on alcohol and rebuilding one's life.

Abstinence

The practice of refraining from indulging in certain activities or behaviors, especially those considered harmful or addictive, such as sexual activity, alcohol, and drugs.

Family Preservation

A social service philosophy and practice aimed at keeping families together, preventing unnecessary placement of children into foster care by offering supports and interventions.