Financing Activities Are Presented as the First Classification on a Statement

question 98

True/False

Financing activities are presented as the first classification on a statement of cash flows because a company must first obtain financing when it begins operations before it can acquire assets to start operations.

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Definitions:

Dependence

The state of relying on or needing someone or something for aid, support, or the like.

Retirement Planning

The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.

Retirement Decision Making

The process of planning and determining when and how to retire, which can involve financial, emotional, and lifestyle considerations.

Adjustment To Retirement

The process of adapting to a new lifestyle and identity after leaving one's career and transitioning into retirement, which can involve significant psychological and social changes.