Which of the following items would not be included in a statement of cash flows prepared using the direct method?
A) Net income.
B) Cash paid for dividends.
C) Sale of a plant asset.
D) Cash payments for purchases.
A
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Which of the following is TRUE of a corporation?
A) A corporation cannot be privately held. B) The earnings of a corporation may be subject to double taxation. C) A corporation has a limited life. D) The stockholders of a corporation have unlimited liability for the corporation's debt.
Which of the following communication channels is considered the richest medium?
A) Written proposal B) E-mail message C) Face-to-face conversation D) Blog posting
Permanent differences between pretax financial income and taxable income result when
A. a company engages in fraudulent activity. B. the SEC imposes a penalty on a company. C. the IRS imposes interest on a late payment. D. the U.S. Patent Office denies a patent application.