37. In order to assess an entitys cash performance it is common to classify its activities into operating, investing and financing. For a small medical practice which of the following would be a financing activity?

Select one:

a. Borrowing $20 000 from a financial institution.

b. Paying for medical supplies.

c. Billing a patient for a consultation.

d. Adding an extension to allow for 2 additional consultation rooms.

Which of the following statements is correct with regards to the statement of cash flows?

Select one:

a. Investing activities include investments made by the owners of the entity.

b. Financing activities include amounts borrowed from financial institutions.

c. Financing activities include net cash from the sale and purchase of the entitys assets.

d. Investing activities include the cash received from customers.

The concept of management by exception is part of which management function?

Select one:

a. directing.

b. controlling.

c. organising.

d. planning.