On a Direct Method Statement of Cash Flows,cash Received from Selling

question 84

Multiple Choice

On a direct method statement of cash flows,cash received from selling merchandise would be considered a ________.

• A)cash inflow from investing activities
• B)cash inflow from operating activities
• C)cash outflow from financing activities
• D)cash outflow for financing activities

Compute depreciation expense using the straight-line method.

Record and reverse accrued expenses and understand their impact on financial statements.

Recognize and record office supplies expense and its effect on cash flow.

Understand the principles of partnership formation including capital contributions and the initial setup.

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Definitions:

Group Insurance

A type of insurance plan that covers a defined group of people, typically employees of a business, offering benefits due to sickness, disability, or death.

HR Function

The set of responsibilities and practices within an organization focused on managing and developing its human capital, including recruitment, training, and employee welfare.

Human Resource Planning

Human resource planning involves forecasting future manpower requirements, ensuring that the organization has the right number of people and the right kind of people at the right places, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives.