When Using the Direct Method to Determine Operating Cash Flows

question 117

Multiple Choice

When using the direct method to determine operating cash flows, how is the issuance of stock for cash shown on the Statement of Cash Flows?

• A)operating activity
• B)investing activity
• C)financing activity
• D)noncash investing and financing activity
• E)not reported on the statement of cash flows

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Definitions:

Independently

Acting or done without being influenced or controlled by others.

Incompletely Dominant

A genetic scenario where the phenotype of the heterozygote is intermediate between the phenotypes of the two homozygotes.

Dihybrid Heterozygotes

Individuals carrying two different alleles of two different genes, showing a phenotype that reflects the interaction of both.

Phenotypes

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.