In Contrast with Single Entity Organizations,consolidated Financial Statements Include Which

question 16

Multiple Choice

In contrast with single entity organizations,consolidated financial statements include which of the following in the calculation of cash flows from operating activities under the indirect method?

• A)Cash paid to employees
• B)Noncontrolling interest dividends paid
• C)Noncontrolling interest share
• D)Proceeds from the sale of land

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Definitions:

Private Wage

Private wage is the compensation or salary paid to employees by private sector firms, as opposed to wages paid by government entities.

Nonunion Labor

Workers who are not members of a labor union and do not receive the wages and benefits negotiated by unions.

Foreign Firms

Companies that conduct business or operations outside their country of origin.

Union Membership

The state of being a registered member of an organized labor union, representing workers in specific industries or professions.