Which of the Following Should Be Shown on a Statement

question 153

Multiple Choice

Which of the following should be shown on a statement of cash flows under the financing activities section?

• A) the purchase of a long-term investment in the common stock of another company
• B) the payment of cash to retire a long-term note
• C) the proceeds from the sale of a building
• D) the issuance of a long-term note to acquire land

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Definitions:

International Gold Standard

A monetary system in which the value of a country's currency is directly linked to gold, allowing for free conversion between the currency and gold at a fixed price.

Appreciated

Refers to an increase in value or price, particularly in the context of currency, where it indicates a rise in value relative to other currencies.

Depreciated

A reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Appreciates

Refers to an increase in the value of an asset or currency against other currencies or assets.