The Components of a Statement of Cash Flows Are Investing,financing,and

question 31

True/False

The components of a Statement of Cash Flows are investing,financing,and operating activities.

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Definitions:

Net Cash

The amount of cash available after subtracting cash outflows from cash inflows.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed but not yet paid by the end of the accounting period.

FASB

The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.

Operating Activities

Business actions directly related to its primary operations, including production, sales, and delivery of services, generating the majority of a company's cash flow.