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:

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight prejudice, lynching, and Jim Crow segregation.

Sweatt and McLaurin

Reference to Sweatt v. Painter and McLaurin v. Oklahoma State Regents, landmark U.S. Supreme Court cases that challenged segregation in higher education.

Segregation

The enforced separation of different racial groups in a country, community, or establishment, often marked by discriminatory laws and practices.

Civil Rights Movement

A struggle for social justice in the United States during the 1950s and 1960s, aimed at ending racial segregation and discrimination against African Americans.