Which of the Following Pieces of Information Can Normally NOT

question 37

Multiple Choice

Which of the following pieces of information can normally NOT be obtained from a sales invoice?

• A)Customer name and location
• B)Transportation used in shipment
• C)End use of product sold
• D)Salesperson responsible for the sale
• E)All of the above can normally be obtained from a sales invoice.

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Definitions:

Operating Activities

Activities that are directly related to the day-to-day operations of a business, generating revenue and expenses.

Comparative Balance Sheet

A financial statement presenting a company's assets, liabilities, and equity at two or more points in time for comparative purposes.

Indirect Method

A method used in cash flow statements to adjust net income for changes in non-cash accounts to calculate net cash provided by operating activities.

Operating Activities

Transactions and events central to the principal revenue-producing activity of the business, detailed in the cash flow statement.