Using the Direct Method of Preparing the Statement of Cash

question 151

Multiple Choice

Using the direct method of preparing the statement of cash flows,which of the following is not an activity generating operating cash flows?

• A)Collections from customers
• B)Collection of notes receivable
• C)Payments for income taxes
• D)Payments to employees

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The aspect of being practical, logical, and focused on effective and efficient approaches to solving problems or accomplishing tasks.

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