Team Shirts' Statement of Cash Flows for October showed the ...

[littleanan]

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.

[IAPPLET]

Answer to Question 1

C

Answer to Question 2

D

[littleanan]

Excellent

[EAN94]

TYSM