Which of the Following Items Is Not Reported in the Operating

question 15

Multiple Choice

Which of the following items is not reported in the operating section of the statement of cash flows using the direct method?

• A)Depreciation expense.
• B)Cash paid to suppliers.
• C)Cash received from customers.
• D)Cash paid for income taxes.

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Definitions:

Individual Mandate

A requirement, initially part of the Affordable Care Act, that required individuals to have health insurance or face a penalty, intended to ensure that everyone is covered by health insurance.

American Federalism

A political system in which power is divided and shared between a national, or federal, government and state governments, each with its own set of powers.

Dual Federalism

Dual Federalism is a political arrangement in which power is divided between the federal and state governments in clearly defined terms, with state governments exercising those powers accorded to them without interference from the federal government.

Cooperative Federalism

A concept of federalism in which national, state, and local governments interact cooperatively and collectively to solve common problems, rather than making policies separately.