Information to Prepare the Statement of Cash Flows Usually Comes

question 29

Short Answer

Information to prepare the statement of cash flows usually comes from three sources: (1) ________, (2) ________, and (3) ________.

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Definitions:

Variable Cost

Costs that fluctuate in direct proportion to changes in production volume or activity levels.

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales.

Capacity

The maximum amount that something can contain or produce.

Labour Costs

The total expenditures for hiring employees, including wages, benefits, taxes, and any other costs associated with employing labor.