Listed Below Are the Reporting Classifications for a Statement of Cash

question 10

Multiple Choice

Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Match the reporting classifications with the transactions described below.
-Noncash financing and investing activity

• A)Cash collection of a nontrade note receivable.
• B)Cash collected on accounts receivable.
• C)Issuance of a long-term note payable for cash.
• D)Cash purchase of securities issued by another corporation.
• E)Payment of a property dividend.

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Definitions:

Hex Drive

A tool or fastener interface characterized by a six-sided shape, commonly used for screws and bolts.

Impact Socket

A type of socket designed to withstand the high torque and vibration generated by an impact wrench, usually made from more malleable materials.

Standard Socket

A tool attachment designed to fit onto a wrench, allowing the wrench to tighten or loosen bolts and nuts of standard sizes.

Screw Pitch Gauge

A toothed template gauge used for measuring screw pitch or threads per inch (tpi).