Determining the Cash Flows from Operating Activities Generally Requires Analyzing

question 160

True/False

Determining the cash flows from operating activities generally requires analyzing each item on the income statement as well as the current asset (except cash)and current liability accounts.

---

Definitions:

Cash Balance Plan

A type of defined benefit retirement plan where employee benefits are expressed as a hypothetical account balance, making it resemble a defined contribution plan.

PBGC

Pension Benefit Guaranty Corporation, a U.S. federal agency responsible for protecting retirement incomes by insuring private-sector defined benefit pension plans.

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry.

Healthcare Benefits

Insurance or services provided by employers or governments to cover medical expenses and health-related issues for individuals.