Data Types Created by the Structure Statement Are Referred to as ____________________

question 27

Short Answer

Data types created by the Structure statement are referred to as ____________________ data types.

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Definitions:

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Economic resources controlled or owned by a business or individual from which future economic benefits are expected to flow.

Statement of Cash Flows

A fiscal report that demonstrates the consequences of shifts in balance sheet accounts and income on cash and cash equivalents, organizing the analysis into operations related to investing, financing, and operating activities.

Investing Transactions

Financial activities related to the purchase and sale of long-term assets or investments.