On the Statement of Cash Flows, Cash Receipts from the Collection

question 79

True/False

On the statement of cash flows, cash receipts from the collection of notes receivable are classified as investing activities.

---

Definitions:

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.

Harmony

A state of agreement or concord in relationships or musical notes producing a pleasing effect.

Stability

Refers to the state of being steady and not prone to change, often indicating reliability or consistency in various contexts.

Justice

The ethical principle of fairness and the moral rightness based on ethics, rationality, law, natural law, religion, equity, or fairness.