________ Is a Factor of Information That Can Be Transactional

question 22

Multiple Choice

________ is a factor of information that can be transactional, such as orders and order returns, or it can be informational, such as the sharing of inventory and customer order data.

• A) Purpose
• B) Means
• C) Availability
• D) Direction

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Definitions:

Noncash Investing

A type of investing activity that involves transactions not involving cash, such as property or stock trades.

Financing Activity

Transactions related to raising or repaying capital, including debt, equity, and dividends payments, reported in the cash flow statement.

Investing Activity

Transactions involving the purchase or sale of long-term assets and investments, not relating directly to the entity’s primary business activities.

Cash Equivalent

Short-term, highly liquid investments that can be readily converted to cash with insignificant risk of changes in value.