A List of Sources and Uses of Cash Are Given

question 68

Multiple Choice

A list of sources and uses of cash are given below. Select on the line provided whether each is an operating, investing, or financing activity.
-dividend income

• A)operating
• B)investing
• C)financing activity.

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Definitions:

Accounting Process

The systematic series of steps undertaken to record, classify, and summarize financial transactions and present financial statements.

Tax Returns

Official documents filed with a government body, detailing income earned and taxes owed for the year.

Public Accountants

Professionals who provide accounting services to the public, including auditing, taxation, and consulting.

Private Accountants

Accountants who work exclusively for one company, handling its financial records and statements internally.