Asked by
Carl Andrei Brigoli
on Nov 18, 2024
Verified
Loss on sale of equipment
Statement of Cash Flows
A financial report detailing modifications in balance sheet accounts and income's impact on cash and equivalents, segmented into operating, investing, and financing activities.
Loss
A decrease in net income that occurs when expenses exceed revenues, investments diminish in value, or assets are lost or damaged.
Investing Activities
Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.
- Determine and organize activities as operating, investing, or financing activities in the statement of cash flows.
- Establish how transactions of asset sales and acquisitions are depicted in the statement of cash flows.
Verified Answer
KP
Learning Objectives
- Determine and organize activities as operating, investing, or financing activities in the statement of cash flows.
- Establish how transactions of asset sales and acquisitions are depicted in the statement of cash flows.