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NEW QUESTION: 1
A statement of cash flows is a financial report that tells you which of the following?
A. The financial condition of the business at a specific point in time
B. The financial results of operations over a period of time
C. How much money is owed to the company by its customers
D. Where the money used to operate the business came from
Answer: D
Explanation:
Explanation/Reference:
Answer option A is correct.
A statement of cash flows provides information about the money that flowed through the business. It identifies whether the cash was received from customers, loans, or other sources; how much cash was spent to operate the business; and how much was reinvested in the business. A balance sheet describes the financial condition of the business at a specific point in time (B). The income statement, or profit and loss statement, tells you the financial results of operations over a period of time (D). An accounts- receivable ledger describes how much money is owed to the company by each customer (C). See Chapters 2 and 3 for more information.
Chapter: Core Knowledge Requirements for HR Professionals
Objective: Basic Budgeting and Accounting

NEW QUESTION: 2

A. Option A
B. Option C
C. Option B
D. Option D
Answer: A
Explanation:
http://technet.microsoft.com/en-us/library/gg610692.aspx
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