_____ refer to the cash spent by a firm to carry out business activities and generate revenue.

Name: _____ refer to the cash spent by a firm to carry out business activities and generate revenue.
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Question

Quizplus · Accepted Answer

Expenses refer to the cash outflows incurred by a firm to generate revenue. Assets are resources owned by a firm, revenues are the cash inflows generated from business activities, and dividends are cash payments made to shareholders.

_____ Refer to the Cash Spent by a Firm to Carry