Multiple Choice
Which of the following is true regarding the statement of cash flows?
A) Financing activities for corporations include lending money and buying shares.
B) Investing activities involve collecting the necessary funds to operate the business.
C) The purchase of equipment is an example of a financing activity.
D) Revenues are increases in economic resources that result from a business's operating activities.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The statement of changes in equity is
Q10: Accounting provides financial comparisons of operating alternatives,
Q11: The common characteristic possessed by all assets
Q12: Shareholders' equity is usually comprised of<br>A)common shares
Q13: Which form of business would have its
Q15: A business organized as a corporation<br>A)is not
Q16: Payments to shareholders are called<br>A)expenses.<br>B)liabilities.<br>C)dividends.<br>D)shares.<br>
Q17: An internal user<br>A)is not involved in managing
Q18: Retained earnings are<br>A)the shareholders' claim on total
Q19: Any deficiency in cash from operating activities