For Each of the Following Activities That May Take Place

question 143

Multiple Choice

For each of the following activities that may take place during the accounting period, indicate the effect a-g on the statement of cash flows prepared using the indirect method.Choices may be selected as the answer for more than one question.
-gain on sale of investments

• A)increase cash from operating activities
• B)decrease cash from operating activities
• C)increase cash from investing activities
• D)decrease cash from investing activities
• E)increase cash from financing activities
• F)decrease cash from financing activities
• G)noncash investing and financing supplement

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Definitions:

Unique Features

Distinct characteristics or attributes of a product or service that distinguish it from competitors in the market.

Common Features

Shared characteristics or attributes observed in items, concepts, or phenomena within a particular category.

Abnormal Spoilage

Waste or spoilage that exceeds the normal or expected levels during the manufacturing process.

Weighted Average Method

An inventory valuation method that assigns a weighted average cost to each unit of inventory, taking into account both the cost of goods available for sale and the number of units available.