Under the Direct Method of Preparing the Statement of Cash

question 119

Multiple Choice

Under the direct method of preparing the statement of cash flows,all of the following would be reported under operating activities EXCEPT:

• A)collections from customers.
• B)interest received on notes receivable.
• C)dividends received on investments in stock.
• D)cash proceeds on sale of long-term investments.

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Definitions:

Critical To Project

Elements or factors that are essential for the successful completion of a project, without which the project cannot proceed or succeed.

Quality And Schedule Needs

The requirements concerning the standard of work to be delivered and the timeline for its completion in a project.

RFQ

Stands for Request for Quotation, a document that invites suppliers to submit a quote for the supply of specific goods or services.

Qualified Suppliers

Suppliers that have been evaluated and determined to meet the necessary standards and criteria to provide goods or services.