Listed Below Are the Reporting Classifications for a Statement of Cash

question 114

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.
-Investing cash outflow

• 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:

Accounting Data

Information related to financial transactions and status, used for analysis, planning, and decision-making in business.

Qualitative Terms

These are descriptive, non-numerical characteristics or attributes used to assess aspects of operations, strategies, or market conditions.

Quantitative Terms

Relates to, measuring, or measured by the quantity of something rather than its quality.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision or choice.