ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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net worth statement
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net income statement
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statement of cash flow
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statement of ownership equity
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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: -The Statement of Cash Flows Stating your net income for the period. Accounting for your non-cash expenses. Making appropriate adjustments for gains (or losses) on sales of assets. Noting changes in all current assets (that is, the difference between the earlier and later balance sheet entries)
Detailed explanation-3: -The three sections of the cash flow statement are: operating activities, investing activities and financing activities.
Detailed explanation-4: -The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company’s financial strength and provide a quick picture of a company’s financial health and underlying value.
Detailed explanation-5: -Operating activities. Investing activities. Financing activities. 30-Apr-2020