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Under USGAAP, the Statement of Cash Flows Classifies Changes in Accounts

question 120

Multiple Choice

Under U.S.GAAP, the statement of cash flows classifies changes in accounts payable as a(n) _____ activity and classifies changes in short-term bank borrowing as a(n) _____ activity.


Definitions:

Cation

A positively charged ion that is attracted to the cathode in electrolysis, often found in various biological and environmental systems.

Electron

Negatively charged subatomic particle in an atom.

Valence Electrons

Electrons in the outer shell of an atom that determine the atom's chemical properties and its ability to form bonds with other atoms.

Atomic Number

The number of protons in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

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