On the Statement of Cash Flows,which of the Following Are

question 92

Multiple Choice

On the Statement of Cash Flows,which of the following are considered financing activities?
I.increase in long-term debt
II.decrease in accounts payable
III.interest paid
IV.dividends paid

• A)I and IV only
• B)III and IV only
• C)II and III only
• D)I, III, and IV only
• E)I, II, III, and IV

---

Definitions:

Fee Simple Absolute

The most complete form of property ownership, giving the owner unrestricted rights to the property, including selling, leasing, or bequeathing.

Conditional Estate

A type of property ownership that is subject to certain conditions or event occurrences; failure to meet these may result in forfeiture of the property.

Fee Simple Absolute

The most complete ownership of land possible, with unconditional and permanent property rights.

Life Estate

A property interest that lasts for the lifetime of an individual, after which the property passes to another designated party.