In 2015,Gary Kraen Company Purchases $100,000 of Equipment with Cash

question 190

Multiple Choice

In 2015,Gary Kraen Company purchases $100,000 of equipment with cash.This purchase would be reported on Gary Kraen Company's 2015 statement of cash flows as:

• A)a financing activity.
• B)an operating activity.
• C)an investing activity.
• D)none of the above.

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Definitions:

Freer Trade

describes the reduction of tariffs, quotas, and regulations to allow goods and services to move more easily between countries.

Multinational Treaty

An agreement that is signed by multiple countries, establishing rights and obligations between the parties.

Patent Protection

Legal rights granted to inventors to exclusively make, use, or sell their inventions for a certain period, preventing others from doing so.

Paris Convention

An international treaty established to protect industrial property rights including patents, trademarks, and industrial designs across countries.