Which of the Following Are the Activities That Are Included

question 136

Multiple Choice

Which of the following are the activities that are included in the operating activities section of the statement of cash flows?

• A) Activities that obtain the cash needed to launch and sustain the business are included in the operating activities section.
• B) Activities that create revenue or expenses in the entity's major line of business are included in the operating activities section.
• C) Activities that increase or decrease long-term assets are included in the operating activities section.
• D) Activities that pertain to construction of new facilities are included in the operating activities section.

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Definitions:

Promise

A promise is a declaration or assurance that one will do a particular thing or that guarantees the happening or not happening of a specific event in the future.

Voidable Contract

A contract that may be voided or canceled by one of the parties.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Writing

The process of using symbols, such as letters, to communicate thoughts and ideas in a readable form.