Indicate the Section (Operating Activities, Investing Activities, Financing Activities, or None)

question 66

Short Answer

Indicate the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method:
(a) Gain on sale of fixed assets
(b) Net income
(c) Retirement of long-term debt
(d) Sale of capital stock
(e) Distribution of stock dividends
(f) Payment of cash dividends
(g) Purchase of fixed assets
(h) Sale of fixed assets
(i) Receipt of interest revenue
(j) Payment of interest expense

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Definitions:

Direct Selling

A sales strategy in which products are marketed directly to consumers, bypassing traditional retail locations.

Merchant Wholesalers

Businesses that buy goods in large quantities from manufacturers or importers and sell them to retailers or other businesses, but not to the general public.

Inventories

Quantities of goods a company holds for the purpose of sale or production, typically reported as a current asset on a balance sheet.

Nonstore Retailers

Businesses that sell products outside the traditional brick-and-mortar storefront, such as online, direct mail, or vending machines.