Which of the Following Is Included in the Cash Flows

question 52

Multiple Choice

Which of the following is included in the cash flows from financing activities section of the statement of cash flows?

• A) Collection of notes receivable.
• B) Sale of equipment.
• C) Dividends received from investments.
• D) Purchase of treasury shares.
• E) Purchase of shares in another company.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand within a business for minor and immediate expenses.

Internal Control

Initiatives and standards implemented by a firm to assure the correctness of financial and accountancy details, encourage integrity, and obstruct fraudulent activities.

Journal Entries

The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.

Segregation Of Duties

A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.