Assertions Related to Account Balances Are _______, _______, _______ _______

question 56

Short Answer

Assertions related to account balances are _______, _______, _______ _______, _______ and _______.

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Definitions:

Operating Activities

Transactions and other events related to the core business operations of a company, including revenue and expense transactions that affect the net income.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.

Quality of Income Ratio

A metric that measures the proportion of income that comes from core business operations, indicating the reliability of a company's earnings.