Which of the Following Defer Payments

question 15

Multiple Choice

Which of the following defer payments?

• A)credit cards and debit cards
• B)neither credit cards nor debit cards
• C)credit cards but not debit cards
• D)debit cards but not credit cards

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Definitions:

Investing Activities

Financial activities related to buying or selling long-term assets and investments, a key component of a company’s cash flow statement.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowing of the company.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Indirect Method

A cash flow statement formulation approach that adjusts net income for changes in non-cash accounts to calculate operating cash flow.