All Other Things Being Equal,which of the Following Factors Could

question 12

Multiple Choice

All other things being equal,which of the following factors could lower a person's auto insurance rates?

• A) Living in a small town
• B) Driving the car to work rather than for pleasure only
• C) Receiving a parking ticket
• D) having a poor credit history

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Income Recognition

The accounting principle that revenue should only be recognized after the business has fulfilled its obligations and the payment is certain.

Direct Method

A method for creating a cash flow statement where actual cash flow information from operations is used rather than adjustments to net income.

Operating Cash Receipts

Cash received by a company from its core business operations.