Use the Following Codes to Indicate How the Cash Flow

question 75

Multiple Choice

Use the following codes to indicate how the cash flow effect, if any, of each transaction would be reported on a statement of cash flows if the operating activities section is prepared using the direct method.
-Purchased computer equipment for cash.

• A)Inflow from operating activity
• B)Outflow from operating activity
• C)Inflow from investing activity
• D)Outflow from investing activity
• E)Inflow from financing activity
• F)Outflow from financing activity
• G)Noncash investing and financing activity
• H)Not reported on statement of cash flows

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Definitions:

Orientation

The direction or position relative to the points of a compass or other specific directions.

Culture

The shared beliefs, practices, norms, values, and artifacts that characterize a group of people or a society.

Values

The principles or standards of behavior that are regarded as important and worthwhile by individuals or groups within a society.

Dependence Training

The socialization process by which individuals are taught to rely on others, particularly in cultures that emphasize community over individual achievement.