Cash Flows from Operating Activities Usually Relate to an Increase

question 182

True/False

Cash flows from operating activities usually relate to an increase or decrease in either a current asset or a current liability.

---

Definitions:

Materials Entered

This term refers to the recording or entry of raw materials into the production process or inventory system.

Units Started

The number of items or products that a manufacturing process has begun producing during a specific period.

Ending Work

The value of work that remains incomplete at the end of an accounting period, often referred to in calculating work in process.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed units.