Asked by
Gianni Tomasi
on Oct 10, 2024Verified
The net cash provided by (used in) operating activities for the year was:
A) $168
B) $8
C) $152
D) $229
Operating Activities
Business activities related directly to the production, sale, and delivery of a company's products or services, which are reflected in the cash flows from operating activities in the statement of cash flows.
Net Cash
The amount of cash remaining after all operating expenses, investments, and financial activities have been accounted for.
Cash Basis
A financial recording approach where earnings and expenditures are acknowledged solely upon the actual exchange of cash.
- Comprehend the link between net earnings and the net cash generated from (or expended in) operational activities.
Verified Answer
NQ
Learning Objectives
- Comprehend the link between net earnings and the net cash generated from (or expended in) operational activities.