Which of the following transactions or events should be reported as a source of cash from operating activities when using the direct method?
A. Cash received from the sale of treasury stock.
B. Depreciation expense.
C. Cash received from the sale of a building.
D. Credit sales.
E. Cash collections from customers.
Answer: E
You might also like to view...
The landlord may evict the tenant if he or she:
A. does not protect the property from criminals. B. does not maintain common areas of the property. C. subleases the property or assigns the property to someone else. D. does not pay rent.
The set of rules or principles that guides us in making decisions about right or wrong is called ______.
A. moral theory B. ethical dilemmas C. ethical decision-making process D. ethical theory
As a joke, Fran hides Gary's business law textbook so that he cannot find it during the week before the exam. Fran is liable for
A. appropriation. B. disparagement of property. C. trespass to personal property. D. wrongful interference with a business relationship.
What general technique is used to predict demand requirements?
a. Forecasting b. Project management c. Statistical quality control d. Critical path method