Changes in Which of the Following Are Included in Operating

question 130

Multiple Choice

Changes in which of the following are included in operating activities on the statement of cash flows?

• A) accounts payable
• B) bonds payable
• C) treasury stock
• D) property, plant, and equipment

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Definitions:

Assignment

A process by which one party transfers rights, duties, or property to another.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand of the payee.

Payee

A person to whom an instrument is made payable.

Maker's Obligation

The responsibility of the creator of a negotiable instrument to pay the specified amount to the holder of the instrument upon its presentation.