Which One of the Following Is an Investing Activity on the Statement

question 174

Multiple Choice

Which one of the following is an investing activity on the statement of cash flows?

• A)Collection of accounts receivable
• B)Purchase of long-term investments
• C)Receipt of interest
• D)Receipt of dividends

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Definitions:

ASE Certification

A certification granted by the National Institute for Automotive Service Excellence to professionals in the automotive repair and service industry.

Service Industry

The sector of the economy that provides intangible goods or services to consumers, as opposed to the production of tangible goods.

Tandem Drive

A drive system using two separate power sources or motors working together to provide propulsion or increase the vehicle's capability.

Highway Tractor

A type of heavy-duty vehicle designed primarily for hauling trailers over long distances on highways.