Entigrity Remote Staffing Interview Questions and Answers

The components of a cash flow statement include operating activities, investing activities, and financing activities.

• Operating activities: cash flows from day-to-day business operations, such as sales and expenses

• Investing activities: cash flows from buying and selling assets, such as property or equipment

• Financing activities: cash flows from borrowing, repaying debt, or issuing stock

• Examples: receiving cash from custo...read more

Book and tax profit differences arise due to temporary and permanent timing differences in accounting treatment.

• Temporary differences are timing differences that reverse over time, such as depreciation expenses.

• Permanent differences are differences that never reverse, such as fines and penalties not deductible for tax purposes.

• Accounting for these differences involves adjusting financial statements for tax purposes, le...read more