On a Statement of Cash Flows Prepared by Using the Direct

question 96

Multiple Choice

On a statement of cash flows prepared by using the direct method,cash receipts from interest and dividends are classified as:

• A)operating activities.
• B)investing activities.
• C)financing activities.
• D)noncash activities.

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Definitions:

Chemical Feedstocks

Raw materials used in the manufacture of chemicals, often serving as the base from which other chemicals are derived.

CERCLA Trust Fund

A fund established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for cleaning up hazardous waste sites in the United States.

Tax

A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund government spending and various public expenditures.

Environmental Impact Statement

A document that explains the significant effects of a proposed project on the environment.