Which of the Following Cash Flows Results from an Operating

question 150

Multiple Choice

Which of the following cash flows results from an operating activity?

• A)Paying dividends to stockholders
• B)Repaying a note payable
• C)Receiving interest on an investment
• D)Purchasing equipment for cash

Understand the implications of specific UCC sections related to notice and knowledge of facts that affect negotiable instruments.

Identify when and how legal principles, such as the shelter principle, apply in cases involving negotiable instruments.

Understand the characteristics and requirements to become a holder in due course (HDC) and the benefits and protections afforded to HDCs.

Identify and describe the types of endorsements and their legal implications.

---

Definitions:

Liberalization

The process of reducing restrictions on economies, typically by removing trade barriers and deregulating capital markets.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Tariffs

are taxes imposed by a government on imported goods, designed to protect domestic industries and to generate revenue.