Author Question: Team Shirts' Statement of Cash Flows for October showed the following: Cash from operating ... (Read 198 times)

littleanan · **on:** Jul 5, 2018

Team Shirts' Statement of Cash Flows for October showed the following:

Cash from operating activities 3,000
Cash for investing activities (2,000)
Cash from financing activities ?
Net change in cash 5,000
Cash flows from financing activities were ________.
A) 5,000
B) (1,000)
C) 4,000
D) 6,000

Question 2

Risk assessment is best described by:
a. Internal and external events affecting achievement of an entity's objectives must be identified, distinguishing between risks and opportunities.
b. Management selects whether to avoid, accept, reduce, or share risk developing a set of actions to align risks with the entity's risk tolerances and risk appetite.
c. The entirety of enterprise risk management is monitored and modifications made as necessary.
d. The likelihood and impact of risks are analyzed, as a basis for determining how they should be managed.