Which of the Following Would NOT Appear on a Statement

question 15

Multiple Choice

Which of the following would NOT appear on a statement of cash flows prepared using the direct method?

• A)Loss on sale of assets
• B)Cash received from sale of assets
• C)Cash payments for inventory
• D)All of these items would appear

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Definitions:

Systems Design

The process of defining the architecture, components, interfaces, and data for a system to satisfy specified requirements.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific accounting period.

E-Commerce

The use of the Internet for performing business transactions.

Subsidiary Ledgers

Detailed records that support summary-level data contained in the general ledger, such as accounts receivable and accounts payable ledgers.