On a Statement of Cash Flows(indirect Method),which Item Is Reported

question 28

Multiple Choice

On a statement of cash flows(indirect method) ,which item is reported as a line item under Cash From Operating Activities?

• A)Sale of securities
• B)Purchase of fixed assets
• C)Purchase of securities
• D)Amortization Expense

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Definitions:

Orbital

A region around the nucleus of an atom where there is a high probability of finding an electron.

Lone Pair Electrons

Pairs of valence electrons that are not shared with another atom and are localized on a single atom in a molecule.

Azeotropic Mixture

A mixture of two or more liquids that maintains its composition and boiling point during distillation, making it impossible to separate by distillation.

Gaseous Byproduct

A gas produced unintentionally during a chemical reaction or a manufacturing process.