Noelle Simon Is Buying Shares in a Mutual Fund That

question 93

Multiple Choice

Noelle Simon is buying shares in a mutual fund that only invests in companies located in Latin America.What type of mutual fund is this?

• A)aggressive growth fund
• B)equity income fund
• C)global fund
• D)international fund
• E)regional fund

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Definitions:

Indirect Method

An approach used in cash flow statements where net income is adjusted for non-cash transactions, deferred revenues, and expenses to calculate cash flow from operating activities.

Indirect Approach

A method used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to calculate cash flow from operating activities.

Noncash Charges

Expenses reported on an income statement that do not involve actual cash flow, such as depreciation, amortization, and stock-based compensation.

Noncash Credits

Transactions that increase a company's assets or decrease liabilities without the direct movement of cash.