The Difference Between Total Receipts and Total Payments Is Referred

question 13

Multiple Choice

The difference between total receipts and total payments is referred to as

• A) cumulative cash flow.
• B) beginning cash flow.
• C) net cash flow.
• D) cash balance.

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Definitions:

Ratify

To officially approve or confirm an agreement or treaty, making it formally valid.

Unauthorized Act

An action that is taken without official permission, approval, or authority.

Criminal Liability

The legal responsibility a person or entity has for committing an act that is considered a crime by law.

Employer

An individual or organization that hires and pays people to perform work or provide services.