A Financial Statement That Reports the Cash Inflows and Cash

question 76

Multiple Choice

A financial statement that reports the cash inflows and cash outflows for an accounting period,and classifies those cash flows as operating,investing,or financing activities.

• A)Financing activities
• B)Investing activities
• C)Statement of cash flows
• D)Indirect method
• E)Direct method
• F)Operating activities

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Definitions:

Distributor

A person or company that is responsible for supplying goods to retailers or directly to customers.

Manufacturer

A person or company that makes goods for sale, especially on a large scale.

Output Contracts

Agreements in which a seller agrees to sell all the output of a certain product to a particular buyer.

Requirements Contracts

Contracts where one party agrees to purchase all of its needs for a particular commodity from the other party for a certain period.