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Use the following codes to indicate how the cash flow effect, if any, of each transaction or event would be reported on a statement of cash flows if the operating activities section is prepared using the indirect method. (Choices may be used more than once.)
-sold shares for cash
Variable Costs
Expenses that vary in relation to the amount of product or service produced by a company.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Break-even Point
The point at which total costs and total revenue are equal, meaning there is no net loss or gain.
Variable Costs
Costs that vary in direct proportion to the volume of output or level of activity.
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