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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068For the following questions, circle the best respones.
Which of the following is not one of the three broad categories presented in the statement of cash flows?
a. Financing activities.
b. Operating activities.
c. Income activities.
d. Investing activities.
Verified
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(a)
A normal statement of cash flows is broken into three parts:
1. Cash flows from operating activities refer to the cash a company earns (or loses) from its regular business activities, such as selling its products or providing services.
2. Cash flows from investing activities refer to the cash a company earns (or loses) on its gain or losses from investments in the financial markets.
3. Cash flows from financing activities refer to the cash a company earns (or loses) from raising outside capital, such as issuing stocks and bonds, or paying dividends.
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