When Analyzing the Changes on a Spreadsheet Used to Prepare

question 55

Multiple Choice

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from financing activities generally affect:

• A)Net income,current assets,and current liabilities.
• B)Noncurrent assets.
• C)Noncurrent liabilities and equity accounts.
• D)Both noncurrent assets and noncurrent liabilities.
• E)Equity accounts only.

---

Definitions:

Spring Pin

A type of fastener used to secure two or more components together, made from sprung (elastic) steel allowing it to compress and then expand for a secure fit.

Zerk Fitting

A grease fitting used to deliver lubricant under pressure into a specific location, commonly found in mechanical systems like automotive suspensions.

Trailer Pintle Hook

A type of tow hitch that uses a pivoting arm and hook mechanism to connect a trailer to a towing vehicle.

Welding

Welding is a fabrication process that joins materials, usually metals or thermoplastics, by using high heat to melt the parts together and allowing them to cool, causing fusion.