On a Statement of Cash Flows,activities That Affect Long-Term Assets

question 134

Multiple Choice

On a statement of cash flows,activities that affect long-term assets are classified as:

• A)operating activities.
• B)investing activities.
• C)financing activities.
• D)stockholders' equity activities.

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Standards

Established criteria or benchmarks against which performance, quality, and compliance are measured.

Direct Labor Variance

The difference between the budgeted cost of direct labor and the actual cost incurred, used to assess labor efficiency and cost control in production.

Per-unit Standards

Defined benchmarks for the amount of materials, labor, and overhead costs that should be used in producing a single unit of a product.