In Relation to the Cash Flow Statement, Purchases and Sales

question 113

Multiple Choice

In relation to the cash flow statement, purchases and sales of long- term assets are examples of:

• A)accrual activities.
• B)operating activities.
• C)investing activities.
• D)financing activities.

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Business Ethics

The study of appropriate business policies and practices with regard to potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, and corporate social responsibility.

Federal Sentencing Guidelines

Rules established by the United States federal government that set out a uniform policy for sentencing individuals and organizations convicted of felonies and serious (Class A) misdemeanors.

Business Misconduct

Unethical or illegal actions undertaken by individuals or organizations in a business context.