Given Below Is a List of Events: 1

question 68

Multiple Choice

Given below is a list of events: 1. payment of employee wages
2) cash collections from customers
3) sale of capital stock
4) sale of land, at cost
5) payment of a cash dividend
6) borrow cash from creditors
7) purchase of equipment
8) cash sale of inventory
9) purchase inventory on account
Which of the above events are outflows in the investing section of the statement of cash flows?

• A) only 4
• B) 4, 7, and 9
• C) 4 and 9
• D) only 7

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Definitions:

Ascending Colon

The first main part of the large intestine, which absorbs water and salts as it carries waste upward from the cecum toward the transverse colon.

Gallbladder

A tiny organ situated beneath the liver, responsible for storing and concentrating bile, which is a digestive liquid created by the liver.

Bile

Fluid secreted from the liver into the duodenum; consists of bile salts, bile pigments, bicarbonate ions, cholesterol, fats, fat-soluble hormones, and lecithin.

Hepatopancreatic Ampulla

is an anatomical structure where the pancreatic duct and the common bile duct join and empty into the duodenum.