Use the Following Information for Questions

question 110

Multiple Choice

Use the following information for questions
Ingles Corp., a private company reporting under ASPE, engaged in the following transactions.For each transaction, indicate where, if at all, it would be classified on the statement of cash flows.
-Issue of preferred shares for cash:

• A)operating activities section
• B)investing activities section
• C)financing activities section
• D)does not represent a cash flow

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements, environments, or conditions in a responsive and effective manner.

Product Layout

A way to arrange a manufacturing business by placing equipment in an assembly line.

Auto Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Process Layout

A facility arrangement in which equipment or workstations are grouped based on their function, allowing for the handling of a variety of products or tasks in a non-linear flow.