Cash Flows from Financing Activities Include All but One of the Following

question 77

Multiple Choice

Cash flows from financing activities include all but one of the following:

• A) Cash payments on the principal of long-term debt
• B) Buying and selling bonds or stock of other firms
• C) Cash purchases of treasury stock
• D) Cash proceeds from a bank loan

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Definitions:

Preliminary Steps

Initial actions or measures taken as preparation for a more significant process or project.

Doctrine

A principle or set of principles laid down by an authority as incontrovertibly true.

Ultra Vires

An act or decision made by an entity that is beyond the scope of its authority, often considered invalid or illegal.

Ultra Vires

Acts conducted by a corporation that lie beyond the powers conferred to it by its corporate charter or the law.