The cash flow activities on the cash flow statement are divided into these categories:
A. cash from operations, buying or selling assets, and financing the business.
B. payments on accounts receivable, payments on accounts payable, and changes in owner's equity.
C. cash from sales, cash from accounts receivable, and payments on accounts payable.
D. payment on debt, cash from sales, and increases to owner's equity.
Answer: A
You might also like to view...
Which of the following is not one of the independent auditor's objectives regarding the examination of inventories?
A. Ascertaining the physical quantities of inventory on hand. B. Verifying that inventory counted is owned by the entity. C. Verifying that all inventory owned by the entity is on hand at the time of the count. D. Verifying that the entity has used proper inventory pricing.
On December 31, the accrued interest due on a $10,000, 6% note that is dated December 16 and due January 15 is
a. $25; b. $50; c. $100; d. $500; e. $10,000
Explain how the Internet has transformed the way in which we do business today
What will be an ideal response?
A board of directors hired a consultant to evaluate their nonprofit organization’s legal compliance. According to Paton’s dashboard, the nonprofit is assessing the organization’s ______.
A. risks B. assets C. capabilities D. underlying performance