The Statement of Cash Flows Reports All of the Following

question 103

Multiple Choice

The statement of cash flows reports all of the following except:

• A) Cash flows from operating activities.
• B) Cash flows from investing activities.
• C) Cash flows from financing activities.
• D) The net increase or decrease in assets for the period reported.
• E) The net increase or decrease in cash for the period reported.

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Definitions:

Cash Register

An electronic or mechanical device for registering and calculating transactions at a point of sale, often equipped with a cash drawer.

Cashier's Accuracy

The measure of a cashier's performance in handling transactions correctly, minimizing discrepancies between the recorded amount and the actual amount of cash received.

Internal Control

Initiatives and practices instituted by an enterprise to confirm the trustworthiness of its financial and accounting statements, uphold responsibility, and eliminate fraud.

Cash Remittances

Cash remittances are funds sent by individuals, typically working abroad, back to their home countries, providing financial support to their families.