Quiz 19: Statement of Cash Flows
Identify If the Following Investments Meet the Requirements to Be
Identify if the following investments meet the requirements to be classified as cash and cash equivalents.
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Which of the following is a financing activity? A)Collection of accounts receivable. B)Collection of loans receivable C)Receipt of bank loan. D)Sale of a machine.
Which of the following is an operating activity? A)Receipt of customer deposit. B)Proceeds from mortgage issue. C)Purchase of land. D)Redemption of preferred shares.
Which of the following is an investing activity? A)Payment of salaries. B)Purchase of inventory. C)Sale of held for trading investment. D)Collection of loan receivable.
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