A Source of Cash from Financing Activities Is ________

question 55

Multiple Choice

A source of cash from financing activities is ________.

• A)issuing of a note receivable
• B)collection of an account receivable
• C)cash received from the sale of treasury stock
• D)collection of a note receivable

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Definitions:

Interest

Money paid regularly at a particular rate for the use of money lent or for delaying the repayment of a debt.

Invested

Funds or resources allocated for the purpose of generating income or profit.

Interest

The amount paid by a borrower to a lender over a period of time for the use of money, expressed as a percentage of the principal.

Months

Units of time in calendars that approximately correspond to the period of the Earth moving in its orbit around the Sun, usually divided into 12 periods in a year.