Even Though Assets Must Always Equal the Sum of Liabilities

question 126

True/False

Even though assets must always equal the sum of liabilities and owners' equity,the net cash flow from operations does not have to equal the sum of the net cash flow from investing activities and the net cash flow from financing activities.

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Definitions:

Tort

A legal wrong that causes harm or loss, leading to civil legal liability.

Plaintiff

The party who initiates a lawsuit in civil court against another party, known as the defendant, seeking legal remedy for an alleged wrong.

Trespass to Realty

An unlawful intrusion or entry onto someone else's land or property without permission.

Landowner's Permission

The consent given by the owner of a piece of land for another party to use the land or undertake specific activities on it.