Payment for the acquisition of inventories is shown on the statement of cash flows as
a. An operating activity
b. An investing activity
c. A financing activity
d. Either an operating activity or a financing activity
a
You might also like to view...
Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting?
A. Inability to generate cash flows from operations while reporting substantial earnings growth. B. Inability to borrow necessary capital without granting debt covenants. C. Management's lack of interest in increasing the entity's earnings trend. D. Large amounts of liquid assets that are easily converted into cash.
The intersection of public relations and publicity, advertising, sales promotion, and marketing is referred to as ________
A) database marketing B) integrated marketing C) cross promotion D) sales promotion
Which of the following is not a business transaction?
A) Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. B) Erin provided services to customers earning fees of $600. C) Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month. D) Erin pays her monthly personal credit card bill.
A contract that has been fully performed by both sides is called an executory contract
Indicate whether the statement is true or false