Question

For fiscal year 2016, Riffe Enterprises had the following summary information available concerning its operating activities. The company had no investing or financing activities this year.

a) Net income
b) Cash flows from operating activities
c) Changes in equity
d) Earnings per share

Answer 1

The summary information available for Riffe Enterprises' operating activities for fiscal year 2016 includes net income, cash flows from operating activities, changes in equity, and earnings per share.

Step-by-step explanation:

The summary information available for Riffe Enterprises' operating activities for fiscal year 2016 includes:

1. a) Net income
2. b) Cash flows from operating activities
3. c) Changes in equity
4. d) Earnings per share

Net income represents the company's total revenue minus its total expenses for the year. Cash flows from operating activities show the cash generated or used by the company's core business operations. Changes in equity refer to the changes in the company's ownership interest during the fiscal year. Earnings per share is a financial metric that indicates the profitability of each share of the company's common stock.