Business Statement of Profit and Loss Essay – Question Description
I’m working on a business question and need the explanation and answer to help me learn.
1. The Statement of Profit and Loss is also called the
Balance Sheet
Income Statement
Statement of Cash Flows
Statement of Financial Position
2. Which of the following is not a type of cash flows shown in the Cash Flow Statement?
Operating cash flow
Investing cash flow
Accounting cash flow
Financing cash flow
3. Which of the following is not a current asset?
Cash
Accounts receivable
Inventory
Property, plant, and equipment
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