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

question 9

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 small medical practice which of the following would be a financing activity?

• A) Paying for medical supplies.
• B) Borrowing $20 000 from a financial institution.
• C) Billing a patient for a consultation.
• D) Adding an extension to allow for 2 additional consultation rooms.

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Definitions:

Mormons

Members of the Church of Jesus Christ of Latter-day Saints, a Christian religious group founded in the early 19th century in the United States by Joseph Smith.

Revivalist Teachings

Religious teachings aimed at inspiring a reawakening of faith among believers, often associated with evangelical or charismatic movements.

Reform Movement

Initiatives aimed at making significant changes in societal structures, including political, religious, or educational systems, to address perceived injustices or inefficiencies.

Entrenched Opinions

deeply held views or beliefs that are firmly established and difficult to change.