Which of the Following Items Is Not Reported in the Operating

question 146

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.

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Definitions:

Restatement of the Law

A set of treatises on legal subjects that seek to inform judges and lawyers about general principles of common law.

American Law Institute

An organization that produces scholarly work to clarify, modernize, and otherwise improve the law, including issuing Restatements of the Law.

Binding Contract

An agreement between two or more parties that is legally enforceable in a court of law.

Accepts Delivery

Refers to the act of receiving goods from a seller or transporter, acknowledging that the delivery meets the terms of the agreement.