Operating, investing, and financing activities affect certain balance sheet accounts. Which of the following statements is true?
a. Operating activities primarily involve transactions which affect noncurrent assets.
b. Investing activities primarily involve U.S. government securities and long-term productive assets.
c. Financing activities primarily involve transactions which affect current liabilities.
d. Different balance sheet accounts are affected depending on whether the direct or indirect method is used.
b
You might also like to view...
Adding value to the product (or line) through additional features or higher-quality materials is referred to as ________.
A. product enhancement B. product extension C. trading up D. trading down E. quality infusement
Which of the following is NOT required by generally accepted accounting principles?
a. Statement of cash flows b. Earnings per share c. Cash per share d. Disclosure in notes to financial statements of the projected benefit obligation of a defined-benefit pension plan
Policies should specify implementation in detail
Indicate whether the statement is true or false.
Antitrust defendants often opt to settle government-brought antitrust actions by entering a plea of ________.
A. guilty B. not guilty C. nolo contendere D. corpus juris secundum