ACCTG 211 Quiz: ACCTG211 Quiz 1 2016 Spring
Document Summary
The smeal honor code: we, the smeal college of business community, aspire to the highest ethical standards and will hold each other accountable to them. We will not engage in any action that is improper or that creates the appearance of impropriety in our academic lives, and we intend to hold to this standard in our future careers. A repayment of the principal of loans to creditors would be shown on the statement of cash flows as a(n): The financial position of the company at a point in time. The financial position of the company for a period of time. The performance of the company for a period of time. _____ 4: match each of the following transactions with the appropriate business activity, operating activity, investing activity, financing activity. This transaction ________. causes total assets to increase and total liabilities to increase causes total liabilities to increase and retained earnings to decrease is an investing activity is an operating activity.