In Order to Assess an Entity's Cash Performance It Is

question 31

Multiple Choice

In order to assess an entity's cash performance it is common to classify its activities into operating, investing and financing. For a local soccer club, which of the following would be an operating activity?

• A) Receipt of membership fees from players.
• B) Purchasing new soccer goals for all fields and age groups.
• C) Repaying a loan for the clubhouse.
• D) Purchasing a new coffee machine for the clubhouse.

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Definitions:

Autonomic Nervous System

A division of the peripheral nervous system that controls involuntary functions, such as heartbeat and digestion.

Skeletal

Pertaining to the skeleton, the internal framework of bones and cartilages that supports and protects the body's organs.

Parasympathetic

Part of the autonomic nervous system responsible for rest and digestion, it works in contrast to the sympathetic system to maintain homeostasis.

Somatic

Relating to the body, especially as distinct from the mind or emotions, often used in the context of bodily symptoms caused by psychological factors.