Use the Following Codes to Indicate How the Cash Flow

question 72

Multiple Choice

Use the following codes to indicate how the cash flow effect, if any, of each transaction or event would be reported on a statement of cash flows if the operating activities section is prepared using the indirect method.
-Recognized a gain on the sale of the securities above.

• A)Operating activity-add to net income
• B)Operating activity-deduct from net income
• 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:

Individualistic Cultures

Societies that emphasize personal goals, autonomy, and individual achievement over collective interests.

Incivility

Rude or unsociable speech or behavior that violates the norms for respect in social interactions.

Conflict

Condition that exists when two sets of demands, goals, or motives are incompatible.

Uncivil Behavior

Actions that are rude, impolite, or show a lack of regard for others; not conforming to accepted social norms.