A Statement of Cash Flows Would NOT Disclose the Effect

question 119

Multiple Choice

A statement of cash flows would NOT disclose the effect of which of the following transactions?

• A)Dividends received on stock investments
• B)Receiving cash from customers on product sales
• C)Discarding an asset that had been fully depreciated
• D)None of these answers is correct.

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Definitions:

Need for Capability

The requirement for a person or organization to have the skills, resources, or abilities necessary to accomplish a task or realize a goal.

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction and pleasure, rather than for some separable consequence or reward.

Need for Self-Determination

The fundamental motivation for individuals to control their own choices, make decisions about their lives, and be self-governing.

Need for Accomplishment

An individual's desire to achieve, master tasks, and reach a standard of excellence.