Which of the Following Items Would Not Be Included in a Statement

question 1

Multiple Choice

Which of the following items would not be included in a statement of cash flows prepared using the indirect method?

• A)Net income
• B)Cash paid for dividends
• C)Sale of a plant asset
• D)Cash paid for wages

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Definitions:

Specialization

The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price level, holding all other factors constant.

Quantity Supplied

The total amount of a product that producers are willing to sell at a given price within a specific time frame.

Export

The act of sending goods or services from one country to another country for sale or trade.