Royer Corporation Engaged in This Transaction

question 118

Multiple Choice

Royer Corporation engaged in this transaction:
Received dividends on securities held.
Indicate which section,if any,the above transaction would appear in,or relate to,on a statement of cash flows.

• A) Schedule of noncash investing and financing transactions
• B) Operating activities section
• C) Financing activities section
• D) Investing activities section

---

Definitions:

Donee Beneficiary

A third party who benefits from a contract made between two other parties, specifically where the intent is to benefit the third party.

Creditor Beneficiary

A person or entity that benefits from a contract made between two other parties, particularly where one party promises to pay a debt owed to the beneficiary.

Breach Of Contract

An instance wherein one party fails to fulfill their obligations under a contract.

Credit

The provision of resources (such as money) by one party to another where the second party does not reimburse the first party immediately but promises to repay those resources at a future date.