A Statement of Cash Flows Is a Forecast of Net

question 2

True/False

A statement of cash flows is a forecast of net cash flows from operating,investing and financing activities.

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Definitions:

Selling Expenses Budget

This refers to a detailed plan that outlines all the expenses associated with the selling activities of a business over a specific period.

Sales Budget

A detailed forecast of a company's sales revenue expected to be generated in a specific time period.

Activity-Based Budgeting

A budgeting method where activities that incur costs in every department of an organization are recorded and their budgets are prepared.

Expected Activities

Forecasted or anticipated actions taken by an individual, group, or organization that aim to achieve certain goals or outcomes.