On the Statement of Cash Flows, the Proceeds from the Sale

question 11

Multiple Choice

On the statement of cash flows, the proceeds from the sale of equipment would be classified as:

• A)an investing activity.
• B)an operating activity.
• C)a financing activity.
• D)either an investing, operating, or financing activity.

---

Definitions:

Corruption Perceptions Index

An index published by Transparency International that ranks countries by their perceived levels of public sector corruption as seen by experts and businesspeople.

Somalia

A country located on the Horn of Africa, known for its extensive coastline and history of maritime commerce.

Afghanistan

A landlocked country located in South Asia and Central Asia, known for its complex history of conflicts and strategic importance.

Foreign Aid

Financial assistance provided by one country to another, often to support economic development, humanitarian efforts, or political stability.