According to the Statement of Cash Flows,cash Flows from Financing

question 94

Multiple Choice

According to the statement of cash flows,cash flows from financing could be positive if:

• A) the firm repaid more debt than it added.
• B) the firm added more debt than it repaid.
• C) interest rates were low on outstanding debt.
• D) the firm sold portions of its plant and equipment.

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Definitions:

United Nations Convention

An international treaty or agreement formulated under the auspices of the United Nations, pertaining to various global issues.

International Sales Contract

A legally binding agreement between parties from different countries for the sale and purchase of goods.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Notice of Breach

A formal notification given to a party indicating that they have failed to fulfill their contractual obligations.