All of the following are true regarding the statement of cash flows except:
A. Noncash activities are investing and financing activities that do not affect cash flows.
B. Operating activities include transactions and events that affect net income.
C. Investing activities include transactions that affect issuance of common stock.
D. Financing activities include transactions that affect long-term liabilities and equity.
E. Investing activities include transactions and events that come from the purchase and sale of long-term assets.
Answer: C
You might also like to view...
The set of brands a person will not consider due to negative feelings is the:
A) inept set B) inert set C) negative set D) evoked set
Many states require contracts to pay a commission on the sale of real estate to be evidenced by a writing.
Answer the following statement true (T) or false (F)
Without careful and early attention to page layout, a text might __________________
a. not fit within prescribed limits b. turn out more creatively c. be published incorrectly d. be too expensive to print
To become a successful salesperson, Sanchez had to adopt a personal selling philosophy. Which of the three prescriptions of that philosophy is not only a mindset but a skill that he has practiced and honed to become successful?
A) adopt the marketing concept B) value personal selling C) assume the role of problem solver or partner in helping customers make informed and intelligent buying decisions D) focus on product knowledge and everything else will follow E) develop the ability to create rapport with customers so they are buying from a friend