During the Banking Crisis of 2007-2009 the U

question 93

Multiple Choice

During the banking crisis of 2007-2009 the U.S.government bailed out all of the corporations except:

• A) AIG.
• B) Lehman Brothers.
• C) Fannie Mae.
• D) all were bailed out.

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Definitions:

Operating Activities

The day-to-day actions that are involved in running a business, such as buying, selling, and producing goods or services.

Indirect Method

A way of preparing the statement of cash flows where net income is adjusted for changes in balance sheet accounts to calculate the cash from operating activities.

Operating

Refers to the day-to-day activities involved in running a business that are essential for generating revenue.

Financing

The process of providing funds for business activities, making purchases, or investing, including obtaining loans or issuing stocks.