Use the Following Major Cash Flow Activities to Classify the Activities

question 70

Multiple Choice

Use the following major cash flow activities to classify the activities listed below:
-Sold equipment used in the business for cash

• A)Operating Activity, Source of Cash
• B)Operating Activity, Use of Cash
• C)Investing Activity, Source of Cash
• D)Investing Activity, Use of Cash
• E)Financing Activity, Source of Cash
• F)Financing Activity, Use of Cash
• G)Non-cash Investing & Financing Activity

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Definitions:

Existing Schemes

Preexisting cognitive structures or frameworks in the mind that help individuals organize and interpret information.

Modify

To change or alter something, often to improve it or to adapt it to different conditions.

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and understanding.

Piaget's Stages

A theory by Jean Piaget that describes four stages of cognitive development in children: Sensorimotor, Preoperational, Concrete Operational, and Formal Operational stages.