Under the Direct Method of Preparing the Statement of Cash

question 80

Multiple Choice

Under the direct method of preparing the statement of cash flows,the computation of payments to suppliers includes:

• A)payments for inventory only.
• B)payments for operating expenses only.
• C)payments for inventory and operating expenses (excluding employee's wages).
• D)payments for inventory,operating expenses,interest expense and income taxes.

---

Definitions:

Immediate Abolition

The immediate and unconditional ending of slavery, without any phase-out period, advocated by certain abolitionist groups before and during the American Civil War.

William Lloyd Garrison

An American abolitionist, journalist, suffragist, and social reformer best known for his anti-slavery newspaper "The Liberator" and for founding the American Anti-Slavery Society.

James G. Birney

An American abolitionist leader who ran for President of the United States as a candidate of the Liberty Party, advocating for the end of slavery.

James G. Birney

A prominent American abolitionist, politician, and attorney known for his leadership in the anti-slavery movement and candidacy for presidency under the Liberty Party in the 1840s.