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Each Group of Sentences Below Could Be Unscrambled and Written

question 34

Multiple Choice

Each group of sentences below could be unscrambled and written as a paragraph. Read each group, and select the letter of the topic sentence for each. Select the topic sentence.


Definitions:

Liability

A financial obligation or debt that a company is required to repay to another entity in the future.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financial activities over a period.

Financing Activity

Transactions involving the flow of cash between a company and its owners and creditors, including issuing stocks, paying dividends, and borrowing or repaying loans.

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