The Correct Label for Shape 1 in the Flowchart Below

question 29

Multiple Choice

The correct label for Shape 1 in the flowchart below is

• A)Purchase Order 3
• B)Purchase Requisition 1
• C)Accounts Payable Trial Balance
• D)Purchase Order 2

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Definitions:

Operating Activities

The primary revenue-producing activities of an entity and other activities that are not investing or financing activities.

Capital Expenditures

Large spending by a company on physical assets like property, plant, and equipment, intended to be used for more than one year.

Financing Activities

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) and creditors (debt financing).

Long-Term Debt

Borrowings and financial obligations payable over a period longer than one year.