When Analyzing the Changes on a Spreadsheet Used to Prepare

question 67

Multiple Choice

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from financing activities generally affect:

• A) Both noncurrent assets and noncurrent liabilities.
• B) Noncurrent assets.
• C) Net income, current assets, and current liabilities.
• D) Noncurrent liability and equity accounts.
• E) Equity accounts only.

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Definitions:

Internal Reports

Documents created within an organization to communicate information, updates, or findings among its members.

External Reports

Documents that communicate a company's or organization's status or performance to outside entities, such as regulatory bodies, investors, or the public.

Valid Data

Accurate and reliable information that is relevant and appropriate for the context in which it is used.

Reliable Data

Information that is accurate, consistent, and dependable for making decisions or conducting analyses.