Judgment May Be Involved in the Determination of Whether the Promise

question 98

True/False

Judgment may be involved in the determination of whether the promise to deliver the good or services or service is separate from other promises.

Recognize the significance of free cash flow as an indicator of financial health.

Understand the relevance of cash equivalents and their reporting on the statement of cash flows.

Discern the principle of double-entry bookkeeping as it applies to changes in cash balance reported on the statement of cash flows.

Understand the components and categorization of cash flows within operating, investing, and financing activities.