Which of the Following Items Would Be Reported in the Financing

question 113

Multiple Choice

Which of the following items would be reported in the financing activities section on the statement of cash flows?

• A)Cash paid for rent
• B)Cash received from sale of inventory
• C)Cash received from issuance of long-term debt
• D)Cash paid for land

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Definitions:

Order of Magnitude

An estimation or classification of size, level, or importance that indicates the scale or position in a systematic ranking or hierarchy.

Vacation Benefits

Benefits offered by employers that provide employees with paid time off based on the length of service or other criteria.

Earn

To receive income in exchange for services rendered or as a return on investment.

Accumulate

The process of collecting or gathering an increasing quantity of a particular item or data points over time.