The Three Basic Elements of the Statement of Cash Flows

question 81

Multiple Choice

The three basic elements of the statement of cash flows are ________.

• A)operating activities,investing activities,and financing activities
• B)assets,liabilities,and shareholders' equity
• C)revenues,expenses,and net income or loss
• D)retained earnings,net income,and dividends

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Definitions:

Indifference Curves

Graphical representations in economics showing combinations of goods among which a consumer is indifferent, helping to analyze consumer choices.

Nickels

A five-cent coin made by the United States Mint.

Quarters

In financial and business terms, one of the four three-month periods into which the fiscal year is divided for reporting and forecasting purposes.

Marginal Rate

The rate at which something changes with each additional unit, such as the marginal tax rate, which is the rate applied to each additional dollar of income.