On the Statement of Cash Flows, Which of the Following

question 97

Multiple Choice

On the statement of cash flows, which of the following activities are included in the financing activities section?

• A)Activities that increase or decrease long-term assets
• B)Activities that obtain the cash needed to launch and sustain the business
• C)Activities that create revenue or expenses in the entity's major line of business
• D)None of the above

---

Definitions:

Granted

Given or allowed, often in response to a request.

Exempt

To free or release from an obligation, requirement, or other restriction, typically used in legal, financial, or regulatory contexts.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, through which they seek relief from some or all of their debts.

Federal Law

Legislation enacted by the national government and applicable throughout the country.