The Third (Final) Step in Preparing the Statement of Cash

question 91

Multiple Choice

The third (final) step in preparing the statement of cash flows is to

• A) analyze changes in non-current asset and liability accounts.
• B) compare the net change in cash with the change in the cash account reported on the statement of financial position.
• C) determine net cash provided by operating activities.
• D) list the non-cash activities.

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Definitions:

Curiosity Approach

An approach whereby the salesperson asks a question or does something to make the prospect curious about the product.

Premium

An article of merchandise offered as an incentive to the user to take some action.

Complimentary

Something given for free or at no charge.

Souvenir

An item kept as a reminder of a place, event, or experience, often collected during travels or special occasions.