Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income.
true or false?

true                      

Explanation:

Operating cash flow (OCF) refers in financial accounting to the amount of money that a company produces from the earnings it creates, except for costs associated with a physical-term investment in new items or securities expenditure.

The International Financial Reporting Standards describe positive cash flow as funds generated by activities with less taxes and interest earned, dividend income earned and less dividends paid to give rise to operating cash flow. When measure revenue earned by sales, the cash received from the consumers and cash paid to the vendors must be determined.

the answer is i don't know

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o