Reading Notes Flashcards
1
Q
An entity’s financial adaptability is…
A
Its ability to take effective action to alter the amount and timing of its cash flows so that it can respond to unexpected need or opportunities
2
Q
A
Y1 - Financial Accounting > Reading Notes > Flashcards
An entity’s financial adaptability is…
Its ability to take effective action to alter the amount and timing of its cash flows so that it can respond to unexpected need or opportunities
Y1 - Financial Accounting (21 decks)