In Which of the Following Situations Was Proximity Likely to Have

question 1

Multiple Choice

In which of the following situations was proximity likely to have been an important factor?

• A) Carlotta wants to find a job in Vancouver because she grew up there.
• B) Marisa married the young man who lived next door.
• C) Anita loaned Janine some money because Janine is her cousin.
• D) Alfred joined the Canadian Armed Forces after graduation.

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Definitions:

Financing Activity

Transactions involved in raising, repaying, or restructuring the capital funding of a company, as reflected in the cash flow statement.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Indirect Method

A method of presenting the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.