The Statement of Cash Flow

question 3

Multiple Choice

The statement of cash flow:

• A)compares costs and expenses against a firm's sales.
• B)is built on the basic accounting equation: Assets = Liabilities + Capital.
• C)shows what assets the business owns and what claims creditors and owners have against those assets.
• D)shows changes in working capital by listing sources and uses of funds.

---

Definitions:

Leading

The process of arousing enthusiasm and inspiring efforts to achieve goals.

Controlling

In management, it refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed.

Communication

The process of exchanging information, ideas, thoughts, and messages through speech, writing, signals, or behavior.

Conflict Resolution

The removal of the substantive and emotional reasons for a conflict.