For Each of the Following Activities That May Take Place

question 174

Multiple Choice

For each of the following activities that may take place during the accounting period, indicate the effect (a-g) on the statement of cash flows prepared using the indirect method. Choices may be selected as the answer for more than one question.
-Gain on sale of investments

• A)Increase cash from operating activities
• B)Decrease cash from operating activities
• C)Increase cash from investing activities
• D)Decrease cash from investing activities
• E)Increase cash from financing activities
• F)Decrease cash from financing activities
• G)Noncash investing and financing supplement

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Definitions:

Need for Affiliation

A person's desire to build and maintain interpersonal relationships and be part of a group.

Entrepreneurship

The process of designing, launching, and running a new business or venture, often characterized by innovation and risk-taking.

Internally Driven

Motivated or influenced by factors within oneself or within an organization, such as internal goals, values, or missions, rather than external pressures or demands.

Challenging Goals

Objectives that are difficult to achieve, pushing individuals or organizations to stretch beyond their comfort zones and achieve superior results.