Match each of the following items with the appropriate definitions.(A) Financing activities(B) Investing activities(C) Statement of cash flows(D) Indirect method(E) Direct method(F) Operating activities________ (1) A method of computing and reporting that involves adjusting net income by adding and subtracting items that that do not affect cash provided (used) by operating activities.________ (2) A financial statement that reports the cash inflows and cash outflows for an accounting period, and classifies those cash flows as operating, investing, or financing activities.________ (3) A method of computing and reporting the net cash provided (used) by operating activities that lists the major items of operating cash receipts, and then subtracts the major items of operating cash
payments.________ (4) Transactions that include purchasing and selling plant assets and investments in debt and equity securities.________ (5) Transactions with a company's owners and creditors that include obtaining cash from issuing debt and repaying the amounts borrowed, and distributing cash to owners.________ (6) Activities that involve the production or purchase of merchandise and the sale of goods or services to customers, including expenditures related to administering the business.
What will be an ideal response?
1. D; 2. C; 3. E; 4. B; 5. A; 6. F
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What will be an ideal response?
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What will be an ideal response?
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