Question

a plant asset trade-in with commercial substance means that it changes the company's: multiple choice question. current cash flows past cash flows income statement future cash flows

Answer 1

We can actually deduce here that a plant asset trade-in with commercial substance means that it changes the company's: Future cash flows.

What is cash flow?

In Business, cash flows actually refers to the amount of the net cash and its equivalent that is actually being moved or transferred in and out of the company.

When cash is received by the company or organization, it is said to be cash inflow while the cash that is being spent to run the daily to day activities of the company are known as cash outflow.

Thus, we see that a plant asset trade-in with commercial substance means that it changes the company's  future cash flows. The future cash flow is the expected inflow and outflow of cash in the future.

Learn more about cash flow on brainly.com/question/735261

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