On a Statement of Cash Flows, Collections of Accounts Receivables

question 19

Multiple Choice

On a statement of cash flows, collections of accounts receivables are classified as:

• A) an operating activity.
• B) an investing activity.
• C) a financing activity.
• D) none of the above.

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Definitions:

Skill

The ability to do something well, typically resulting from talent, training, or practice.

Luck

The experience of notably positive, negative, or improbable events influenced by chance.

Generalization

The process by which an organism responds in the same way to different but similar stimuli.

Extinction

In psychology, the gradual diminishing of a conditioned response when the reinforcement is no longer presented; in biology, the permanent loss of species from the earth.