Cash Flows from Operating Activities Include All of the Following

question 29

Multiple Choice

Cash flows from operating activities include all of the following except:

• A)a purchase of land.
• B)collections from customers on account.
• C)payments to employees for hours worked.
• D)receipt of dividends.

Apply the tests (revenue, profit or loss, assets) to determine which segments must be disclosed separately.

Recognize when additional segments must be disclosed to meet the 75 percent external revenue threshold.

Understand the considerations for identifying operating segments based on internal reporting structures.

Identify which operating segments are reportable under various tests such as the asset test, revenue test, and profit or loss test.

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Definitions:

Subcultures

Groups within a larger culture that differentiate themselves through unique sets of norms, values, or interests.

Countercultures

Subcultures created as a reaction against the values of the dominant culture.

Sources of Cultural Change

Factors or agents that contribute to the modification of cultural norms, values, and practices.

Example

A representative instance used to illustrate a rule or case, serving as a model for understanding concepts or behaviors.