Ask Question
BusinessBusiness
11 April, 11:45

The statement of cash flows A. must be prepared on a daily basis. B. summarizes the operating, financing, and investing activities of an entity. C. is a special section of the income statement. D. is another name for the income statement.

+5
Answers (1)
  1. 11 April, 14:57
    0
    Answer: Option B

    Explanation: Cash flow statement can be defined as the financial statement that is used to analyze the sources and uses of cash in a single year time period.

    In a cash flow statement all transactions affecting cash balance are categorized into three categories.

    1. Operating activities are those activities which are related to the core activities of business.

    2. Investing activities are those activities which are related to procurement or sale of fixed assets.

    2. Financing activities relates to those activities of the business which are related to procurement of funds for the purpose of financing business operations.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The statement of cash flows A. must be prepared on a daily basis. B. summarizes the operating, financing, and investing activities of an ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The four factors of production are
Answers (1)
At Seven Cycles, customers can arrange for a custom-made bike to fit their specifications, which is an example of, how electronic commerce contributes to customer value through the creation of
Answers (1)
Data concerning Bazin Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 100 100 % Variable expenses 20 20 % Contribution margin $ 80 80 % Fixed expenses are $384,000 per month.
Answers (1)
On May 1, A makes a written offer to B for the sale of A's car. On May 2, A mails B a letter revoking the offer. On May 3, A telephones B to tell him that he is revoking the offer. On May 4, B learns that A has sold the car to C.
Answers (1)
The Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $25,000. If sales increase by $75,000, the company's net operating income will increase by:
Answers (1)
New Questions in Business
Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000. If Robert sells $21,000, how much are his weekly earnings?
Answers (1)
In the United States, the labor share of national income has significantly declined since its peak in 1970. See the section 3-2 in the text for additional information. Offer your explanation for this trend.
Answers (1)
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries
Answers (1)
Karen Perez runs an office supply store that also performs simple office services, such as copying. It is time to purchase a new high-speed copier and Karen has learned that machine uptime is a critical factor in selection.
Answers (1)
Why do public relations campaigns fail?
Answers (2)
Home » Business » The statement of cash flows A. must be prepared on a daily basis. B. summarizes the operating, financing, and investing activities of an entity. C. is a special section of the income statement. D. is another name for the income statement.
Sign Up Forgot Password?