The Correct Order of Presentation for the Statement of Cash

question 52

Multiple Choice

The correct order of presentation for the statement of cash flows is?

• A) Operating, Investing, Financing
• B) Financing, Operating, Investing
• C) Investing, Financing, Operating
• D) Operating, Financing, Investing

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Definitions:

Sale of Goods

A transaction in which property consisting of tangible personal items is transferred from seller to buyer for a price.

Reselling the Defective Fixtures

The act of selling goods that have flaws or defects not corrected by the seller, often at a reduced price.

Seller/Lessor in Breach

Refers to a situation where the seller or lessor fails to fulfill their contractual obligations, giving the buyer or lessee potential remedies under the law.

Deduction in Damages

A concept in legal disputes where the amount of compensation awarded is reduced due to certain factors, such as contributory negligence or mitigation of loss.