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:

End Slavery

The abolition of the practice of forcibly holding individuals in bondage for labor, a significant historical movement that sought to dismantle slavery systems worldwide.

Constitution

The Constitution is a fundamental set of principles and laws that outlines the structure, powers, and duties of a government and the rights of its citizens, serving as the supreme legal authority within a country or organization.

Veto State Laws

A concept pertaining to the principle that the federal government, under certain conditions, can nullify or reject laws passed by state governments, although in practice, such federal veto power is not directly exercised over state laws but through the court system interpreting constitutionality.

James Madison

The fourth President of the United States, hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution and the Bill of Rights.