For Each of the Following Items, Indicate Whether It Would

question 115

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.
-Signed a note payable in exchange for cash.

• A)O
• B)N
• C)I
• D)F

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Definitions:

Check-cashing Outlets

Financial services locations where individuals can cash checks without having a bank account, often for a fee.

Multiplier

In economics, the factor by which gains in total output are greater than the change in spending that caused it, especially in the context of fiscal policy.

MPC

Marginal Propensity to Consume, indicating the increase in personal consumer spending (consumption) that occurs with an increase in disposable income.

Internally Held

Pertains to public debt that is owed to lenders within a country rather than external lenders.