Which of the Following Transactions Affects Both the Income Statement

question 45

Multiple Choice

Which of the following transactions affects both the income statement and the statement of cash flows?

• A)Selling stock in exchange for cash.
• B)Declaring and paying a cash dividend.
• C)Selling a product to a customer which creates an account receivable.
• D)Paying employee wages as they are earned.

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Definitions:

Access Web App

A type of web-based application created using Microsoft Access, allowing users to build and share databases across the internet.

Page Break

A tool used in document editing and layout that separates content between pages, ensuring clear division and organization.

Report Design View

A mode in database software that allows users to visually create or modify reports layout and structure.

CTRL+ENTER

A keyboard shortcut often used to insert a page break or to execute a command in various software applications.