Which of the Following Sections of the Statement of Cash

question 109

Multiple Choice

Which of the following sections of the statement of cash flows includes cash flows that relate to the acquisition and disposal of noncurrent assets?

• A) financing activities section
• B) operating activities section
• C) funding activities section
• D) investing activities section

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Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount at which an item or service is sold to the customer.

Outstanding Balance

The amount of money owed on a loan or credit account that has not yet been repaid.

Invoice

A document indicating a transaction between a buyer and a seller, listing the goods or services provided along with their prices and the total amount due.