On the Statement of Cash Flows, Which of the Following

question 91

Multiple Choice

On the statement of cash flows, which of the following items would be reported in the financing activities section?

• A)Cash paid for interest
• B)Cash received from customers
• C)Cash received from a sale of treasury stock
• D)Cash paid for operating expenses

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Definitions:

Income Statement

A report showcasing a corporation's financial results for a particular accounting cycle, which includes information on income, costs, and earnings.

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made, indicating the efficiency of credit and collections policies.

Balance Sheet

A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, illustrating its financial performance.