Under the Direct Method of Preparing the Statement of Cash

question 120

Multiple Choice

Under the direct method of preparing the statement of cash flows,cash payments from operating activities do NOT include:

• A)payments to suppliers.
• B)payments to employees.
• C)payment of dividends.
• D)payment of interest.

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Definitions:

Acceptance

The act of agreeing to the terms of an offer, contract, or proposal, creating a binding agreement.

Additional Terms

Supplementary conditions or provisions added to a contract that were not included in the original agreement.

Statute Of Frauds

A state statute under which certain types of contracts must be in writing to be enforceable.

Signed By Parties

Indicative of an agreement or document that has been formally endorsed or authenticated by those involved.