A Contract Between Slim and Goldie May Not Be Assigned

question 53

Multiple Choice

A contract between Slim and Goldie may not be assigned if it

• A)does not expressly permit assignment.
• B)involves a sale of goods.
• C)involves personal services.
• D)is oral.

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Definitions:

Cash Flows

The collective sum of cash flowing in and out of a company, which influences its liquidity.

Investing Sections

Refers to the part of the cash flow statement that shows the flow of cash related to investments in assets, securities, and other non-operational activities.

Financing Sections

Parts of financial statements or reports that detail funding activities like equity, debt issuance, and repayment of debt, providing insights into how a company finances its operations.

Cash Inflows

The total amount of money being transferred into a business, often from operations, investments, and financing activities.