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

question 19

Multiple Choice

On a statement of cash flows(indirect method) ,which line item is NOT reported as an operating activity?

• A)Depreciation expense
• B)Net income
• C)Increase in inventory
• D)Repayment of long-term debt

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Definitions:

West's Federal Appendix

A reporter of federal court decisions that are not selected for publication in the Federal Reporter.

Binding Precedent

A previous court decision that must be followed by lower courts within the same jurisdiction in cases involving similar facts or legal issues.

Persuasive

Having the ability to convince someone to do or believe something through reasoning or the use of temptation.

Binding Authority

Refers to legal sources that must be followed by a court, such as statutes or case law from higher courts in the same jurisdiction.