The Sale of a Good or Service Is Classified in the Statement

question 61

Multiple Choice

The sale of a good or service is classified in the statement of cash flows as a(n) :

• A)Investing activity.
• B)Operating activity.
• C)Financing activity.

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Definitions:

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Franklin D Roosevelt

The 32nd President of the United States, who served four terms from 1933 to 1945 and led the country during the Great Depression and World War II.

Yalta Accords

Agreements made during the 1945 Yalta Conference by the Allied powers, outlining the post-World War II reorganization of Europe.