ACCT 2301-Activities or transactions that affect the income
These questions have to do with Operating, Financing,Investing Activities,Managing Activities or Net income.1. Activities or transactions that affect the income statement are primarily included in which section of the statement of cash flows?a.Operatingb. Investing c. Net Incomed.Managing?Why?2. All of the following activities would be included in a company’s investing activities excepta. taking out a loan from th abnkb. repayment of amounts borrowedc. borrowing cashd. making a loanwhy?
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