Which of the Following Are the Activities That Are Included

question 45

Multiple Choice

Which of the following are the activities that are included in the financing activities section of the statement of cash flows?

• A)Activities that obtain the cash needed to launch and sustain the business
• B)Activities that increase or decrease long-term assets
• C)Activities that create revenue or expenses in the entity's major line of business
• D)None of the above

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Definitions:

Equivalent Units

Units of production expressed in terms of fully completed units, used in manufacturing cost calculations to account for partial work.

Molding Department

A specialized section in a manufacturing facility where molding processes, such as injection or blow molding, are used to shape plastic or other materials into products.

Work In Process Inventory

Goods partially completed in the manufacturing process, not yet ready for sale.

Merchandise Inventory

This term refers to the finished goods acquired for resale by a company, forming a crucial part of its current assets on the balance sheet.