Which of the Following Events Is the Most Likely Reason

question 63

Multiple Choice

Which of the following events is the most likely reason that a person formerly classified as mentally retarded would no longer be classified as such a few years later?

• A) The person turned 18.
• B) The person's IQ increased significantly.
• C) The person became financially independent.
• D) The demands of work are different than the demands of school.

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Definitions:

Investing Activities

Activities involving the buying and selling of long-term assets and investments, excluding those considered as cash equivalents.

Financing Activities

Activities that result in changes in the size and composition of the contributed equity and borrowings of an entity, often reflected on the cash flow statement.

Statement Of Cash Flows

A financial report that shows the cash inflows and outflows from operating, investing, and financing activities over a period.

Cash Flows

Refers to the net amount of cash and cash equivalents being transferred into and out of a business.