When Analyzing the Changes on a Spreadsheet Used to Prepare

question 156

Multiple Choice

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from investing activities generally affect:

• A)Net income,current assets,and current liabilities.
• B)Noncurrent assets.
• C)Noncurrent liability and equity accounts.
• D)Both noncurrent assets and noncurrent liabilities.
• E)Equity accounts only.

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Definitions:

Legal Justification

The basis under law that explains or defends why an action is considered legal or right.

Cost-benefit

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the best option through the evaluation of costs and benefits.

Past Oriented

A perspective or approach that places emphasis on traditions, history, and values from the past in decision making and lifestyle.

Retributivist

A philosophy of punishment where the focus is on the offender receiving a punishment proportional to the crime committed, based on the principle of just desert.