As a General Rule,operating Cash Flows Affect

question 105

Multiple Choice

As a general rule,operating cash flows affect

• A)noncurrent assets and liabilities.
• B)current assets and current liabilities.
• C)noncurrent liabilities or shareholders equity.
• D)noncurrent assets.

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Definitions:

Presentation Currency

The currency in which financial statements are presented by a company.

Management Choice

The discretion allowed to company management in selecting among various allowed accounting methods and policies in reporting financial information.

Accounting Standards

Rules and guidelines set by regulatory bodies that dictate how financial transactions and accounting practices should be recorded and reported.