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:

Planning

The process of making detailed proposals or decisions about future actions or activities.

Reduced Rework

Strategies or practices aimed at minimizing the need to redo or correct work, thereby increasing efficiency and productivity.

Timing

The selection of the most appropriate or effective time to perform an action or release information.

Success

The achievement of a goal or the attainment of higher status or position.