Which of the Following Sections from the Statement of Cash

question 81

Multiple Choice

Which of the following sections from the statement of cash flows includes loans to others and collections on loans?

• A)Financing section
• B)Investing section
• C)Operating section
• D)None of the above

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Definitions:

Legal Myth

A belief about the law or legal system that is not true or is based on incorrect assumptions.

Separate Existence

The legal principle that a corporation exists independently from its shareholders, affording protection to shareholders' personal assets.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.

Promoters

Individuals or companies that engage in the organization and finance of business ventures, events, or performances.