A Summary of the Entries in the Cash Ledger Account

question 34

Multiple Choice

A summary of the entries in the Cash ledger account of Staple Ltd for the month of January was as follows: What was the cash flow from investing activities of Staple Ltd?

• A) ($5 000)
• B) ($45 000)
• C) ($65 000)
• D) None of the above

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Definitions:

Capitalism

An economic system in which private individuals and businesses own capital goods and the production of goods and services is based on supply and demand in the market.

Economic System

The structured way in which a country or region organizes its economic activities and allocates resources.

Cultural Revolution

The Cultural Revolution was a socio-political movement in China, led by Mao Zedong from 1966 until 1976, aimed at preserving Chinese Communism by purging remnants of capitalist and traditional elements from Chinese society.

Great Leap Forward

An economic and social campaign by the Communist Party of China (1958-1962) aimed at rapidly transforming China into a socialist society and increasing industrial and agricultural production.