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Which Would NOT Be Considered Extra-Test Behavior on the Part

question 77

Multiple Choice

Which would NOT be considered extra-test behavior on the part of a testtaker?

Understand the classification of activities on the statement of cash flows (operating, investing, and financing).
Calculate net cash provided by (used in) investing activities.
Calculate net cash provided by (used in) financing activities.
Interpret the impact of transactions on the statement of cash flows.

Definitions:

Third Party

An individual or group besides the two primarily involved in a situation or transaction, often providing additional services or acting as an intermediary.

Authorized

Officially given permission or power to do something.

Actual Authority

The express and implied powers granted by a principal to an agent to act on the principal’s behalf.

Apparent Authority

The appearance or assumption of authority based on the actions or words of the principal, which a third party reasonably believes the agent has.

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