Acceptable References Are Those That Can Verify Your Abilities and Competencies

question 88

Multiple Choice

Acceptable references are those that can verify your abilities and competencies such as:

• A)teachers
• B)previous employers
• C)supervisors
• D)business colleagues
• E)All of these

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Definitions:

Financing Activity

Financial transactions and events that affect the equity and debt structure of a company, including borrowing, repaying debt, and issuing or buying back shares.

Operating Activity

Transactions and events related to the core business operations of a company, including revenue generation and expenses related to producing goods and services.

Gain

A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate the cash from operating activities.