Which of the Following Sections from the Statement of Cash

question 31

Multiple Choice

Which of the following sections from the statement of cash flows would include the purchase of a building totally financed by a mortgage?

• A) The investing section
• B) The operating section
• C) The financing section
• D) The noncash investing and financing section

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Definitions:

Debts

Money that is owed or due to be paid to another individual or entity.

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

Partnership

A legal business structure where two or more individuals agree to share the profits and losses of a business.