An Example of a Financing Activity on the Statement of Cash

question 73

True/False

An example of a financing activity on the statement of cash flows is the payment of cash dividends.

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Definitions:

Segregation Of Duties

An internal control measure that divides responsibilities among different people to reduce risk of error or fraud.

Authorize

To give official permission for or approval to an action or plan.

Physical Controls

Security measures that are implemented to protect assets, including locks, surveillance cameras, and restricted access areas.

Segregation Of Duties

A risk management concept that divides tasks among different people to prevent fraud and errors in an organization.