Two Tools That Can Be Used to Test for Exhaust

question 29

Short Answer

Two tools that can be used to test for exhaust restriction are the ____________________ and ____________________.

Distinguish between cash inflows and outflows within each category of the statement of cash flows.

Identify the impact of changes in current assets and liabilities on cash flows from operating activities.

Recognize and differentiate between gains, sales, and losses on sales or disposals of assets and their effect on the statement of cash flows.

Understand the concept and classification of cash flows in operating, investing, and financing activities.

---

Definitions:

Sarbanes-Oxley Act

A U.S. law passed in 2002 to protect investors by making corporate disclosures more reliable and accurate, aiming to prevent corporate fraud.

Corporate Shares

Financial instruments representing ownership in a company, typically entitling the shareholder to a portion of the profits.

Legal Contracts

Legal Contracts are legally binding agreements between two or more parties, which outline the terms and conditions of a particular arrangement or transaction.

Acts of Owners

These are actions taken by the owners of a business, such as investing additional capital, withdrawing funds, or making decisions that impact the company's operations and policies.