The Statement of Cash Flows Replaces the

question 53

Multiple Choice

The statement of cash flows replaces the

• A) Balance sheet
• B) Statement of financial position
• C) Income statement
• D) None of these

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Definitions:

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.

Bushels

A volumetric unit of measure used primarily in the United States for agricultural products, representing a specific quantity.

Price

The total financial stipend expected, mandated, or handed over in payment for something.

Profit

The financial gain achieved when the revenue earned from selling goods or services exceeds the costs associated with their production and distribution.