Which of the Following Statements Is Correct with Regards to the Statement

question 1

Multiple Choice

Which of the following statements is correct with regards to the statement of cash flows?

• A) Financing activities include net cash from the sale and purchase of the entity's assets.
• B) Investing activities include investments made by the owners of the entity.
• C) Financing activities include amounts borrowed from financial institutions.
• D) Investing activities include the cash received from customers.

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Definitions:

Forged Check

A check that has been illegally altered or signed by someone other than the account holder, without authorization.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specific period of time.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often involving ethical or moral obligations.

$100 Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money, in this case, one hundred dollars, to the bearer or to a specified person.