Net Cash Flow from Operating Activities Was

question 15

Multiple Choice

Net cash flow from operating activities was:

• A) $92,000.
• B) $27,000.
• C) $63,000.
• D) $29,000.
• E) $34,000.

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Definitions:

Accounting Period

The period of time covered by financial statements, usually consisting of 12 months, but can be of any length according to the business's reporting requirements.

Ledger

A book or collection of financial accounts where transactions are recorded.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the preparation of financial statements in the U.S.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide companies in preparing financial statements globally.