A Transaction That Would Not Appear in a Cash Flow

question 41

Multiple Choice

A transaction that would not appear in a cash flow statement is:

• A) the upward revaluation of an asset.
• B) the creation of an allowance for doubtful debts.
• C) a bonus issue of shares.
• D) all of the above.

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Definitions:

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and there is at least one general partner with unlimited liability.

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.

Limited Partnership

A form of partnership where there is at least one general partner (who assumes unlimited liability for the debt) and one or more limited partners (whose liability is limited to the amount they have invested).

Certificate of Limited Partnership

A legal document filed with a state governmental authority that establishes the existence of a limited partnership.