Which of the Following Documents Would Not Originate with the Purchasing

question 65

Multiple Choice

Which of the following documents would not originate with the purchasing company?

• A) Purchase order
• B) Check authorization
• C) Purchase requisition
• D) Invoice

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Definitions:

Free Cash Flow

A measure that assesses a company’s ability to fund its capital expenditures and dividends from its net cash provided by operating activities.

Indirect Method

A technique used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to calculate cash flow from operating activities.

Property Plant Equipment

Long-term tangible assets held for business use and not expected to be converted into cash in the current or upcoming fiscal year, including land, buildings, machinery, and vehicles.

Free Cash Flow

The amount of cash generated by a business after accounting for capital expenditures needed to maintain or expand the asset base.