Which of the Following Items Does Not Appear in the Statement

question 196

Multiple Choice

Which of the following items does not appear in the statement of cash flows under the direct method?

• A) Cash payments to suppliers
• B) Cash collections from customers
• C) Depreciation Expense
• D) Cash from the sale of equipment

Recognize the structure and components of a nation's balance of payments.

Understand the effects of trade balances on national economies and currency values.

Evaluate the dynamics of fixed versus flexible exchange rate systems.

Relate economic growth rates to changes in trade balances and currency values.

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Definitions:

Ratifying Contract

The act of formally approving an agreement to make it valid and binding, often after the fact.

Accepting Benefits

The act of receiving advantages, possibly under a contract, and particularly in a manner that implies acknowledgment or endorsement.

Writing

The act or process of forming visible letters or characters specifically for communication or documentation.

Secret Commission

A payment made to an individual for facilitating a transaction without the knowledge of all parties involved.