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

question 17

Multiple Choice

In order to assess an entity's cash performance it is common to classify its activities into operating, investing and financing. For the local cricket club which of the following would be a financing activity?

• A) Paying for lawn mowing.
• B) Renovating the clubhouse.
• C) Paying the annual subscription to the cricket association.
• D) Borrowing $40 000 from a bank.

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