Increases and Decreases in the Long-Term Assets Available to a Company

question 20

Multiple Choice

Increases and decreases in the long-term assets available to a company are reported on the statement of cash flows as:

• A)investing activities.
• B)financing activities.
• C)operating activities.
• D)both operating and investing activities.

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Definitions:

Third-Party Beneficiary

An individual or entity that stands to benefit from a contract, despite not being a direct party to the agreement.

Contract Formed

The point at which an agreement becomes legally binding, after all parties meet the necessary legal requirements.

Delegated

Pertains to the transfer of authority or responsibility from one entity or person to another, often seen in organizational or governmental contexts.

Express Provision

A specific clause in a contract or legal document that explicitly states an agreement or condition.