Which of the Following Is True

question 100

Multiple Choice

Which of the following is true?

• A) Foreign corporations and alien corporations both refer to corporations incorporated in other nations.
• B) Foreign corporations are corporations that are formed in other nations originally,but are now incorporated in the local state.
• C) Alien corporations are corporations that are incorporated in other nations,and foreign corporations are corporations that are incorporated in other states.
• D) The law of most states usually treats alien corporations and foreign corporations differently.

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Definitions:

Operating Activities

These are the day-to-day actions involved in running a business, which include generating revenue, incurring expenses, and producing the fundamental cash flows of the business.

Indirect Method

A way of reporting cash flows from operating activities by starting with net income and adjusting for changes in non-cash accounts.

Operating Cash Receipts

Operating cash receipts are the cash inflows related to a company's primary business operations, such as cash received from selling products or services.

Cash Payments

Cash payments refer to monetary transactions in which cash is used to settle the amount owed for goods or services.