A Summary Query Is Used to Display Only Aggregate Data

question 6

True/False

A summary query is used to display only aggregate data when the query is run.

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Definitions:

Nonoperating

Items on a financial statement that are unrelated to the core operations of the business, such as investment income or losses.

Financial Activities

Transactions related to the financing of a company, including issuing debt, repaying debt, equity financing, and paying dividends.

Financing Activities

Cash flow activities that result in changes in the size and composition of the equity capital and borrowings of an entity.

Investing Activities

Investing activities include transactions involving the acquisition or disposal of non-current assets, such as property, plant, and equipment, or investment securities, which are reflected in a company's cash flow statement.