Using the Direct Method of Preparing the Statement of Cash

question 54

Multiple Choice

Using the direct method of preparing the statement of cash flows, which of the following is not an activity generating operating cash flows?

• A)Collections from customers
• B)Payments to suppliers
• C)Payments for income taxes
• D)Payments of dividends

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Definitions:

Successively Higher Levels

A strategy or process that involves progress or advancement in stages, each of which builds on the achievements of the previous one towards a certain goal.

Inspirational Motivation

The ability to inspire and motivate others towards achieving a shared vision or goal through positive reinforcement, enthusiasm, and dedication.

Pattern of Behaviors

A pattern of behaviors refers to recurring actions or reactions that are characteristic of an individual, group, or system.

Sense of Meaning

The perception that one’s life has purpose, significance, and coherence, contributing to overall well-being.