The Order of Presentation of Activities on the Statement of Cash

question 146

Multiple Choice

The order of presentation of activities on the statement of cash flows is

• A) operating, investing, and financing
• B) operating, financing, and investing
• C) financing, operating, and investing
• D) financing, investing, and operating

---

Definitions:

General Journal

The two-column form used for entries that do not “fit” in any of the special journals.

Notes Receivable

Formal promises in writing that obligate the signer to pay the holder a specified sum of money either on demand or at a future date.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.

Journal Entry

A written record in accounting that documents a business transaction in the ledger.