What type of activity is the purchase of equipment for cash?
A. Operating activity
B. Investing activity
C. Financing activity
D. A non-cash investing activity that goes into a separate schedule of the notes of the statement of cash flows
Ans: B. Investing activity
Business
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Which of the following is an advantage of the use of current liabilities to finance assets?
A) less risk of illiquidity B) more flexibility C) lower interest costs D) both B and C
Business
Business process reengineering is the analysis and design of workflows and processes within an organization
Indicate whether the statement is true or false
Business