Question 11 (1 point) The statement of cash flows is: O A) A financial statement

Question

Question 11 (1 point) The statement of cash flows is: O A) A financial statement that lists the types and amounts of assets, liabilities, and equity of a business on a specific date. O 8) A financial statement that reports the cash inflows and cash outflows for an accounting period, and that classifies those O c) A financial statement that lists the types and amounts of the revenues and expenses of a business for an accounting O D) A financial statement that presents information about changes in equity during a period. 0 E) Another name for the statement of financial position. cash flows as operating activities, investing activities, or financing activities period. Save Question 12 (1 point) flows using the indirect method, decreases in current When preparing the operating activities section of the statement of cash operating assets are added to net income. O True False Save

Explanation / Answer

Question 11 - The Answer is " B "

A Statement of cash flow is a financial statement that reports the cash inflows and cash outflows for an accounting period and that classifies those cash flows as operating activities, Investing activities and financing activities

Question 12 - " True "

When preparing the operating activities section of the statement of cash flows using the indirect method, decrease in current operating assets should be added to the net income

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.