EQL215 1

Ben received $50 from his grandmother as gift is ________.

• cash outflow

• cash inflow

Ben paying $40 for his tuition classes is ______.

• cash outflow

• cash inflow

 When money flows into your pocket it’s called Cash outflow.

• True

• False

When money flows out of your pocket it’s called Cash Outflow.

• True

• False

Cash flow is the movement of money into and out of your pocket.

• True

• False

The expenses of the company is _______.

• cash inflow

• cash outflow

A cash flow statement is a financial statement that provides data regarding all cash inflows and outflows.

• True

• False

The ______ activities include the sources and uses of cash from business activities.

• investing

• operating

Receipts from sales of goods and services is a part of operating activities.

• True

• False

The investing activities include any sources and uses of cash from a company’s investments.

• True

• False