Cash Flows from Acquiring and Disposing of Long-Term Assets Are

question 187

Multiple Choice

Cash flows from acquiring and disposing of long-term assets are classified as

• A)operating activities.
• B)investing activities.
• C)financing activities.
• D)purchasing activities.

---

Definitions:

Activity Variance

The difference between the budgeted amount of activity (like hours or units) and the actual amount achieved.

Budgeting

The process of creating a plan to spend your money, allowing for the allocation of funds to various areas.

Actual Results

The real financial outcomes achieved by a business over a period, which can be compared against budgeted or forecasted figures for analysis.

Personnel Expenses

Personnel expenses are costs associated with employing staff, including wages, benefits, and taxes.