Which of the Following Is NOT Correct Regarding the Reporting

question 75

Multiple Choice

Which of the following is NOT correct regarding the reporting of cash?

• A)Cash is reported in both the balance sheet and the statement of cash flows.
• B)Cash flows from buying and selling investments and long-term productive assets are called operating cash flows.
• C)Cash flows from transactions with stockholders and creditors are called financing cash flows.

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Definitions:

John Rawls

A philosopher known for his theory of justice as fairness, which argues for a system of distributing social and economic goods in a manner that benefits the least advantaged members of society.

Moral Equality

The principle that all individuals are equal in moral worth and should be treated as such.

Equality Of Opportunity

The principle that all individuals should have the same chances to pursue their goals without unfair barriers.

Intuitionism

A philosophical doctrine positing that basic moral truths are known instinctively or intuitively, beyond empirical observation or logical deduction.