Which of the Following Describes the Operating Activities Section of the Statement

question 152

Multiple Choice

Which of the following describes the operating activities section of the statement of cash flows?

• A)It reports cash receipts and cash payments that increase or decrease long-term assets.
• B)It includes cash inflows and outflows involved in long-term liabilities and equity.
• C)It reports on activities that create revenue or expenses for the entity's business.
• D)It reports on how cash flows affect the total assets and total liabilities.

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Definitions:

Reasonable Force

The minimum amount of force necessary to protect oneself, others, or property while remaining legally justified under the circumstances.

Voluntary Manslaughter

The intentional killing of a human being without premeditation or malice, often occurring in the "heat of passion" or under circumstances that partially excuse or mitigate the action.

Murder in the Second Degree

A legal classification for homicides committed with intent but without the premeditation required for first-degree murder.

Criminal Intent

The mental state indicating that an individual intends to commit a crime or is aware that their actions would likely result in a crime.