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Matching Quiz
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Match the following terms and definitions
1


Cash inflows and outflows related to components of net income.

2


Cash inflows and outflows related to the sale or purchase of investments and long-lived assets.

3


Cash inflows and outflows related to financing sources external to the company (owners and lenders).

4


Reports the components of cash flows from operating activities as gross receipts and gross payments.

5


Presents the operating activities section of the cash flow statement by adjusting net income to compute cash flows from operating activities.

Answer choices for questions 1 through 5
A)Cash flows from operating activities
B)Cash flows from investing activities
C)Cash flows from financing activities
D)Direct method
E)Indirect method





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