Which of the following statements accurately describes the statement of cash flows?
A) It shows the relative proportion of debt and assets.
B) It is the link between the accrual-based income statement and the cash reported on the balance sheet.
C) It indicates when long-term debt will mature.
D) It is the link between net income and earnings per share.
B) It is the link between the accrual-based income statement and the cash reported on the balance sheet.
You might also like to view...
Big data can be used in collecting information about buyer behavior and the overall business environment, which is vital in making effective managerial decisions. Giving reasons illustrate how this can be accomplished
What will be an ideal response?
In a vertical analysis of the income statement, the 100% amount is
a. Net income b. Gross profit c. Operating income d. Net sales
Cristal Clear, Inc., a manufacturer of water purification systems, has accidentally erased parts of its 2017 and 2016 financial statements. Help the company fill in the missing data using your knowledge of financial ratios.
a) Using the ratios provided, recreate the financial statements as shown using formulas.
b) Complete the financial statements using formulas that refer to existing data to fill in the remaining cells.
After you have captured the audience’s attention, the next step is to introduce your topic with a ______.
a. transition b. thesis statement c. preview of the main points d. “why” statement