Since Financial Information Is Communicated in Accounting Terms and Is

question 10

Multiple Choice

Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be

• A) the language of business.
• B) public.
• C) private.
• D) nonprofit.

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Definitions:

Dividends Received

Income received by investors for owning shares of a company, typically distributed from the company's earnings.

Operating Activities

The portion of cash flow that relates to the core operations of a business, including cash receipts from sales and cash payments for goods and services.

Payment Of Dividends

The allocation of part of a corporation's profits to its shareholders, as decided by the corporation's board of directors.

Financing Activities

This term refers to transactions and events through which a business raises funds to operate and expand, such as issuing debt or selling equity.