COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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taxes on the company
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financial position
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profit or loss
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cash flows
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expenses
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Detailed explanation-1: -There are three sections in a cash flow statement: operating activities, investments, and financial activities. Operating activities: Operating activities are those cash flow activities that either generate revenue or record the money spent on producing a product or service.
Detailed explanation-2: -A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.
Detailed explanation-3: -The income statement and the cash flow statement are two out of the three components of a financial statement, the other being the balance sheet.