Under ASPE Which of the Following Is Not an Example

question 130

Multiple Choice

Under ASPE which of the following is not an example of an operating activity?

• A) dividends declared
• B) dividend income
• C) interest income
• D) interest expense

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Definitions:

Comparative Income Statement

A financial statement that compares income, expenses, and net profit over multiple periods to assess performance.

Percent Of Sales

A financial ratio that compares a certain figure or expense to the total sales, expressed as a percentage.

Young Technologies

Emerging or recently developed technological innovations that have the potential to significantly impact business, society, or various scientific fields.

Times Interest Earned

Times Interest Earned, or TIE, is a financial ratio that compares a company’s operating income to its interest expenses to measure its ability to meet debt obligations.