The Financing Activities Section of the Statement of Cash Flows

question 42

True/False

The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities.

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Definitions:

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, emphasizing the importance of government intervention during economic downturns.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and for winning the Nobel Prize in Economic Sciences in 1976.

Classical Economists

Economists from the 18th and 19th centuries who focused on the free market, advocating for limited government intervention.

Keynesian

Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.