Where Do Intercompany Sales of Inventory Appear on a Consolidated

question 97

Multiple Choice

Where do intercompany sales of inventory appear on a consolidated statement of cash flows?

• A)They do not appear on the consolidated statement of cash flows.
• B)Supplemental schedule of noncash investing and financing activities.
• C)Cash flows from operating activities.
• D)Cash flows from investing activities.
• E)Cash flows from financing activities.

---

Definitions:

Well Shaft

A vertical passage used in mining or for accessing underground water.

North America

A continent located in the northern hemisphere and almost entirely within the western hemisphere, comprising countries such as the United States, Canada, and Mexico.

Paintings In Lascaux

Prehistoric cave paintings located in Lascaux, France, representing some of the finest examples of Paleolithic art.

Silhouette

The outlined shape or profile of something, typically presented as a solid shape of a single color, usually black, against a lighter background.