The Shortest Day of the Year for a Person Living

question 53

Multiple Choice

The shortest day of the year for a person living in the Southern Hemisphere is the

• A) summer solstice (June 1).
• B) vernal equinox (March 21).
• C) winter solstice (Dec.22).
• D) autumnal equinox (Sept.23).

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Definitions:

Investing Activity

Transactions involving the purchase and sale of long-term assets and investments, part of a company's cash flow statement that indicates how funds are used and generated.

Corporation

Business organization that is both a legal and accounting entity.

Operating Activities

Business activities directly related to the production and delivery of goods and services, which are reflected in the cash flow statement.

Insurance

A financial product that provides protection against losses or damages, in exchange for premium payments to the insurer.