Which of the Following Would Not Appear on a Statement

question 123

Multiple Choice

Which of the following would not appear on a statement of cash flows prepared using the direct method?

• A)Money received from customers
• B)Payments made for interest
• C)Net Income
• D)Salaries and wages paid to employees

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Definitions:

Implied Bailment

A bailment formed without explicit agreement, inferred from the actions or circumstances of the parties involved.

Plaintiff

The person or party who initiates a lawsuit (an action) before a court by filing a complaint with the clerk of the court against the defendant(s). Also known as claimant or complainant.

Appeal

The process of challenging the decision of a lower court in a higher court.

Bill Of Lading

A document issued by a person engaged in the business of transporting goods that verifies receipt of the goods for shipment.