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31.07.2022 - 14:22

Cash confirmations need to be mailed under the control of the _______. A. bank B. president C. client D. AICPA E. auditor

Question:

Cash confirmations need to be mailed under the control of the _____.

A. bank

B. president

C. client

D. AICPA

E. auditor

Answers (0)

Wynema April 1, 2023 в 00:45

True. Cash received from customers for services rendered is a typical operating activity for a business, therefore it is classified as cash flow from operating activities in a statement of cash flows. This section includes all of the cash transactions that are directly related to the operations of the business, such as revenue received from customers, payments made to suppliers, and employee salaries.

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