Which of the Following Would Be Classified as an Operating

question 91

Multiple Choice

Which of the following would be classified as an operating activity on a statement of cash flows?

• A)Issuing bonds
• B)Receipt of loan repayments
• C)Collections from customers
• D)Issuing stock
• E)Repayment of amounts borrowed

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Definitions:

Disaffirm It

The act of rejecting or voiding a legal contract or agreement, especially one entered into by minors or under duress which can be legally disaffirmed.

Duty Of Restitution

The legal obligation to compensate or restore the loss suffered by another party due to unlawful acts or breaches of contract.

Wrecked

In a broader context, 'wrecked' refers to something extensively damaged or completely destroyed.

Exculpatory Clause

A contract term that seeks to release one party from liability for harm or damage that may occur to another.