Operating Cash Flows Would Exclude

question 132

Multiple Choice

Operating cash flows would exclude:

• A)Payment of employee salaries.
• B)Receipt of cash from customers.
• C)Payment of dividends.

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Definitions:

Credit Terms

Conditions under which credit is extended by a seller to a buyer, including payment period, discount for early payment, and late penalty.

Accounts Payable

Liabilities or amounts owed to creditors for goods and services received but not yet paid for.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers.

Merchandise Inventory

Goods or products on hand that are available for sale by a retailer or wholesaler.