The Statement of Cash Flows Is

question 7

Multiple Choice

The statement of cash flows is:

• A)Another name for the statement of financial position
• B)A financial statement that presents information about changes in equity during a period
• C)A financial statement that reports the cash inflows and outflows for an accounting period and that classifies those cash flows as operating activities,investing activities or financing activities
• D)A financial statement that lists the types and amounts of assets,liabilities and equity of a business on a specific date
• E)A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting period

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Definitions:

Negative Messages

Communications that deliver unfavorable, disappointing, or unwanted news to the recipient.

Product Prices

The amount set by a business that consumers must pay to acquire a product.

Bookkeeping Department

A division within an organization responsible for recording financial transactions, maintaining financial records, and ensuring accuracy in accounts.

Sales Department

A division within a business that is focused on the selling of products or services.