What Is the Proper Order for the Different Categories of Cash

question 57

Multiple Choice

What is the proper order for the different categories of cash flows reported on the statement of cash flows?

• A)Financing activities,investing activities,and operating activities
• B)Operating activities,investing activities,and financing activities
• C)Operating activities,financing activities,and investing activities
• D)Investing activities,financing activities,and operating activities

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Definitions:

Auctioning Off

The process of selling an item to the highest bidder through a competitive bidding process, commonly used for selling goods, property, or services.

Import Quota

A government-imposed limit on the quantity of a specific good that can be imported into a country within a given timeframe.

Specific Tariff

A fixed fee imposed on imported goods based on quantity, such as units, weight, or volume, rather than value.

Ad Valorem Tariff

A tax imposed on imported goods, calculated as a percentage of the value of the imports rather than a fixed rate.