Which of the Following Would NOT Be Reported in the Operating

question 41

Multiple Choice

Which of the following would NOT be reported in the operating activities section of a statement of cash flows using the direct method?

• A)cash paid for income taxes
• B)interest received on notes receivable
• C)loss on sale of equipment
• D)payments to suppliers

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Definitions:

Alcoholism

Disorder that involves long-term, repeated, uncontrolled, compulsive, and excessive use of alcoholic beverages and that impairs the drinker’s health and social relationships.

Dependent On Alcohol

A condition where an individual experiences a compulsive need for alcohol and struggles to control their drinking habits.

Drinking Age

The legal age at which an individual is allowed to consume alcoholic beverages.

Sleeping Pills

Medications used to help individuals fall asleep or stay asleep, often prescribed for those with sleep disorders.