On a Statement of Cash Flows, Repayment of Long-Term Debt

question 34

Multiple Choice

On a statement of cash flows, repayment of long-term debt is considered:

• A)an operating activity.
• B)an investing activity.
• C)a financing activity.
• D)a noncash investing and financing activity.

---

Definitions:

Wholesale Prices

The cost of goods sold in large quantities primarily to retailers, distributors, or other merchants, rather than to end consumers.

Advertising Allowances

Financial incentives provided by manufacturers to retailers or wholesalers to support advertising or promotion of specific products.

Category Specialists

Retailers or businesses that focus on selling products within a specific category, offering a wide assortment within that category to cater to various customer needs.

Self-service Approach

A business model that enables customers to access services and perform tasks without direct assistance from staff.