Assume That the Quinn Corporation Uses the Indirect Method to Depict

question 34

Multiple Choice

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, income taxes paid would be reported 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:

Inferior Rectus

A muscle in the eye that controls downward movement of the eyeball.

Superior Rectus

A muscle in the human eye, which is responsible for elevating the eye and turning it inward.

Orbicularis Oris

The orbicularis oris is a complex of muscles in the lip area that encircles the mouth, responsible for lip movements such as closing, puckering, and shaping during speech and eating.

Teres Major

A muscle of the upper limb that assists in the adduction and medial rotation of the arm.