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:

June Revenue

The total amount of money earned or received by an entity during the month of June.

Revenue Data

Information related to the amount of money generated from goods sold or services provided.

Data Source

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A format or structure applied to PivotCharts in spreadsheet applications, determining how data is summarized and displayed visually.