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

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Definitions:

Tire Rotation

The practice of moving the tires of a vehicle from one position to another to ensure even tire wear.

ABS Dash Light

A warning light on the dashboard indicating an issue with the Anti-lock Braking System.

Self-Test

An automated procedure used by electronic and mechanical systems to check their operational status and functionality.

Pulse Wheel Generator

A device that generates electrical pulses based on the rotation of a wheel, typically used in automotive applications for measuring speed or position.