Question
1. Entity J uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate
1. Entity J uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Other revenues and gains
- Multi-step income statement
- Classified balance sheet
- Retained earnings statement
- Statement of cash flows
- Not on any financial statement
2. Entity H uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Cash used to purchase new equipment
- Multi-step income statement
- Classified balance sheet
- Retained earnings statement
- Statement of cash flows
- Not on any financial statement
3. Entity H uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Employee satisfaction.
- Multi-step income statement
- Classified balance sheet
- Retained earnings statement
- Statement of cash flows
- Not on any financial statement
4. Entity H uses US GAAP and uses the direct method for operating activities in its statement of cash flows. For the following item, indicate on which financial statement, it would appear: Accounts receivable (net)
- Multi-step income statement
- Classified balance sheet
- Retained earnings statement
- Statement of cash flows
- Not on any financial statement
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