Each of the Following Transactions Would Be Reflected in Both

question 208

Multiple Choice

Each of the following transactions would be reflected in both the income statement and the statement of cash flows for the current period, except:

• A) Purchase of marketable securities for cash.
• B) Receipt of dividends earned on investments.
• C) Payment of interest on bonds.
• D) Sale of merchandise for cash.

---

Definitions:

Fan-Shaped

Describes an object, structure, or pattern that spreads out in a shape resembling a fan.

Serratus Anterior

A muscle that originates on the surface of the upper eight or nine ribs and inserts along the entire anterior length of the medial border of the scapula, playing a key role in the movement of the shoulder blade.

Humerus

The long bone in the upper arm that runs from the shoulder to the elbow.

Teres Major

A muscle in the upper arm, which helps in the rotation and adduction of the shoulder.