Asked by
Yaira Garcia
on Nov 13, 2024
Verified
In preparing the statement of cash flows, the correct order of reporting cash activities is financing, operating, and investing.
Reporting Cash Activities
A process that involves documenting all cash transactions of a company over a specific period.
Statement of Cash Flows
A financial report that describes the sources of a company's cash and how it was spent over a specific time period.
- Understand the presentation and reporting order of cash activities on the statement of cash flows.
Verified Answer
CR
Learning Objectives
- Understand the presentation and reporting order of cash activities on the statement of cash flows.