On the Statement of Cash Flows,the ______________________________ Section Involves the Acquisition

question 198

Short Answer

On the statement of cash flows,the ______________________________ section involves the acquisition and sale of long-term assets.

---

Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period.

Net Income

The remaining profit of a company after it has paid all operational expenses and taxes from its revenue.

Credits

Entries on the right side of a double-entry bookkeeping system that increase liabilities, equity, or revenue accounts, or decrease asset or expense accounts.

Double-entry Accounting

An accounting system in which every transaction is recorded in at least two accounts, ensuring the accounting equation remains balanced.