are an accounting measure of performance during a specific period of time, while is the actual inflow or outflow of money. A) Profits; cash flow B) Cash flows; profit C) Dividends; cash flow D) Profits; a dividend

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.12E: Financial statement items Identify each of the following items as (a) an asset, (h) a liability, (c)...
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QUESTION 3
are an accounting measure of performance during a specific period of time, while
is the actual inflow or outflow of money.
A) Profits; cash flow
B) Cash flows; profit
C) Dividends; cash flow
D) Profits; a dividend
Transcribed Image Text:QUESTION 3 are an accounting measure of performance during a specific period of time, while is the actual inflow or outflow of money. A) Profits; cash flow B) Cash flows; profit C) Dividends; cash flow D) Profits; a dividend
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