Which of the Following Would Not Be Shown in One

question 147

Multiple Choice

Which of the following would not be shown in one of the three activity sections of the Statement of Cash Flows prepared using the indirect format?

• A) Refinancing a bond issue currently due with a new bond issue
• B) A decrease in trade accounts receivable over the period
• C) Purchase of a subsidiary corporation
• D) A decrease in long-term notes payable over the period

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Definitions:

Market Basket

A set of goods and services that are typically consumed by a household or used to track the cost of living or inflation.

Perfect Substitutes

Goods or services that can be used in place of one another with no loss of utility by the consumer.

Perfect Complements

Goods that are always used together in fixed proportions, such that the utility derived from consuming one good increases the utility of consuming the other.

Orange Juice

A liquid extract of the orange tree fruit, consumed as a beverage for its taste and nutritional benefits, particularly its high vitamin C content.