The Statement of Cash Flows Is

question 44

Multiple Choice

The statement of cash flows is:

• A) Another name for the statement of financial position.
• B) A financial statement that presents information about changes in equity during a period.
• C) A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those cash flows as operating activities, investing activities, or financing activities.
• D) A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date.
• E) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period.

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Definitions:

Jurisdiction in Rem

A legal principle allowing courts to exercise authority over a property regardless of the owner's location.

Directed Verdict

A ruling by a court in favor of one party without the need for deliberation by the jury, usually because the evidence overwhelmingly supports one side.

Concurrent Federal Jurisdiction

The situation where both federal and state courts have the authority to hear and decide cases on the same issues.

Admiralty

Relating to maritime law, which governs nautical issues and private maritime disputes.