Assume That the Quinn Corporation Uses the Indirect Method to Depict

question 158

Multiple Choice

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, stock issued for equipment would be classified on the statement of cash flows.

• A) Operating activities section.
• B) Investing activities section.
• C) Financing activities section.
• D) Does not represent a cash flow.

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Definitions:

Consensus

A general agreement among a group of people or within a community, often reached after discussion and consideration of various perspectives.

Distinctiveness

the quality or condition of being clearly different or unique, setting someone or something apart from others.

Kelley's Covariation Model

A psychological theory that explains how individuals attribute cause to events based on the consistency, distinctiveness, and consensus of the event.

Consensus

General agreement among a group or community, often reached through collective deliberation.