Cash Flows from Acquiring and Disposing of Long-Term Assets Are

question 187

Multiple Choice

Cash flows from acquiring and disposing of long-term assets are classified as

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

---

Definitions:

Debtor

An individual or organization that owes money to another entity.

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code that provides for the liquidation of a debtor's non-exempt assets to pay off creditors.

Fresh Start

An opportunity to begin again or reset one's circumstances often in a positive and improved direction.

Discharge

Discharge in legal terms often refers to the release or termination of a legal obligation or debt.