When Using the Indirect Method to Determine Operating Cash Flows,how

question 139

Multiple Choice

When using the indirect method to determine operating cash flows,how is the receipt of cash from the sale of long-term investments treated on the statement of cash flows?

• A)Operating activity
• B)Investing activity
• C)Financing activity
• D)Noncash investing or financing activity
• E)Not reported on the statement of cash flows

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Definitions:

Northern Women

Refers to women who lived in the Northern states of the United States, particularly during significant historical periods like the Civil War, noted for their roles in abolition and suffrage movements.

National Banking System

A system established to standardize currency and banking practices across the United States, originally created during the Civil War era.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Dependable Currency

A currency that maintains stable value and is widely accepted for financial transactions, contributing to economic stability.