The Statement of Cash Flows Reports

question 119

Multiple Choice

The statement of cash flows reports:

• A) Cash inflows and cash outflows for an accounting period.
• B) Changes in equity.
• C) Equity, net income, and dividends.
• D) Assets, liabilities, and equity.
• E) Revenues, gains, expenses, and losses.

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Definitions:

Backup Close

A sales technique used as an alternative closing strategy if the primary sales pitch fails to persuade the customer.

Sales Negotiations

The process of discussing terms and conditions between a buyer and seller with the goal of reaching a mutually agreeable deal.

Real Objections

Actual concerns or questions raised by a customer that stand in the way of completing a sale.

Vague Idea

An unclear, imprecise, or poorly defined thought or concept, often needing further clarification.