For Each of the Following Items, Indicate Whether It Would

question 199

Multiple Choice

For each of the following items, indicate whether it would be classified as either an (O) operating activity, an (I) investing activity, a (F) financial activity, or a significant (N) noncash financing and investing activity.
-Cash sales of merchandise.

• A)O
• B)N
• C)I
• D)F

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Definitions:

Consumption Component

The part of gross domestic product (GDP) that includes spending by households on goods and services, excluding purchases of new housing.

Education

The systematic process of facilitating learning, acquisition of knowledge, skills, values, beliefs, and habits through various methods including teaching, training, storytelling, and research.

Annual Rate

is a percentage figure that represents the growth, yield, or return on investment over the span of one year.

Inventory

The total amount of goods and/or materials contained in a store or factory at any given time.