The Appropriate Statement of Cash Flows Activity Category for the Purchase

question 127

Multiple Choice

The appropriate statement of cash flows activity category for the purchase of land in exchange for common shares is

• A)Operating
• B)Financing
• C)Investing
• D)Schedule of noncash investing or financing activity
• E)Not reported on the statement of cash flows

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Definitions:

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.

Unrealistically High

Describes expectations or standards that are excessively beyond what is achievable or reasonable.

Aggressively

In a manner that is forceful, energetic, or determined, often aiming to dominate or assert oneself.