__________ Refer(s) to the Accumulated Sum of Assets (Savings Accounts

question 16

Multiple Choice

__________ refer(s) to the accumulated sum of assets (savings accounts, homes, cars) minus the sum of debts (mortgages, loans, credit card debts) .

• A) Wealth
• B) Household income
• C) Financial obligations
• D) Asset allocation

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Definitions:

Financing Activities

Transactions and events affecting the equity and debt of the company, usually related to borrowing, repaying, and issuing equity.

Noncash Investing

Investment activities that do not involve the immediate outlay of cash, such as the exchange of one asset for another.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing shares, borrowing money, and repaying debt.

Statement Of Cash Flows

A financial report summarizing the total cash inflows and outflows experienced by a corporation.