Me Gustan (I Like) Los Números

question 13

Multiple Choice

Me gustan (I like) los números. Por eso (Therefore) estudio ____.

• A) inglés
• B) sociología
• C) humanidades
• D) matemáticas

Understand the categorization of cash receipts and payments into operating, investing, and financing activities.

Recognize the criteria for an item to be classified as a cash equivalent.

Familiarize with the purpose and importance of preparing a statement of cash flows.

Learn how transactions impact the cash and cash equivalents' ending balance.

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Definitions:

Risk Assessment

The process of identifying, analyzing, and evaluating the likelihood and impact of risks on a project or organization.

Control Procedures

Policies and procedures that are put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Beginning Balance

The amount of funds or value of an account at the start of a new financial period.

Cash Account

An account in a brokerage or financial statement that shows the amount of cash available for transactions.