The Statement of Cash Flows Categorizes the Sources and Uses

question 97

True/False

The statement of cash flows categorizes the sources and uses of the net cash flow generated by the company during the year.

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services.

Production

The process of creating goods or services by combining labor, materials, and technology.

Dollar Amount

The total value of something expressed in dollars.

Sales Revenue

The total amount of money generated from the sale of goods or services by a company before any expenses are deducted.