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Which of the Following Sets of Characteristics Best Describes Those

question 96

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Which of the following sets of characteristics best describes those of a corporation?


Definitions:

Cash Receipts

The total amount of cash received by a business during a specified period.

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business, used to evaluate its financial health.

Operating Activities

Activities that are part of a company's primary business operations, such as selling goods and services.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

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