Examlex
Answer each of the following questions.Your answers should be brief and concise.
a_Identify and describe the three types of activities that are reported on the cash flow statement.
b_Which of the three activities is least likely to show a positive cash flow for a successful growing business? Explain.
c_Explain how a company may generate cash yet have low profits and sales.
Liabilities
Financial obligations of a business, including debts and other amounts owed to creditors.
Accounts Receivable
An asset account on the balance sheet that represents money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.
Accounts Payable
Liabilities to creditors that are to be paid within a short period of time, typically within one year.
Revenue
The whole sum of profit generated by a company through the selling of services or goods pertinent to its primary business functions.
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