Which of the Following Transactions Affects Both the Income Statement

question 95

Multiple Choice

Which of the following transactions affects both the income statement and the statement of cash flows?

• A)Selling stock in exchange for cash.
• B)Declaring and paying a cash dividend.
• C)Selling a product to a customer which creates an account receivable.
• D)Paying employee wages as they are earneD.Paying an employee wages as they are earned results in an expense being recognized (income statement) and a cash outflow (statement of cash flows).

Recognize the importance of screening for and managing metabolic diseases and genetic conditions in newborns.

Understand the complications and management techniques for preterm newborns, including the use of mechanical ventilation and treatment for various disorders.

Understand the optimal approaches to neonatal blood testing for high-risk newborns.

Identify and understand the assessment findings consistent with preterm newborns.

---

Definitions:

Cotton Price

The market value at which cotton is traded.

Marginal Product

The additional output that results from using one more unit of a particular input, keeping other inputs constant.

Skilled Labor

Workers who have specialized training, expertise, or qualifications, making them capable of performing complex tasks.

Value Marginal Product

The additional revenue generated by employing one more unit of a factor of production, such as labor or capital.