Which of the Following Would Be Reported on a Statement

question 65

Multiple Choice

Which of the following would be reported on a statement of cash flows as a financing activity?

• A)Sale of equipment
• B)Amortization expense
• C)Collection of notes receivable
• D)Purchase of treasury stock

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Definitions:

Assignee

The party to whom rights or interests have been transferred by another party, known as the assignor.

Delegates Duty

The act of assigning one's responsibilities or tasks to another person, often seen in contracts and employment relationships.

Obligated

Refers to having a legal or moral duty to do something.

Assigns Right

The transfer of rights or interests in a property or contract from one party to another.