Question
42 .Which section of the Cash Flow Statement would include the purchase of vehicles? A. Operating activities B. Investing activities C. Financing activities D.The purchase
42 .Which section of the Cash Flow Statement would include the purchase of vehicles?
A. Operating activities
B. Investing activities
C. Financing activities
D.The purchase of vehicles is not shown on the Cash Flow Statement.
43. Which section of the Cash Flow Statement would include revenues?
A. Operating activities
B. Investing activities
C. Financing activities
D.Revenues are not shown on the Cash Flow Statement.
44. Which of the following would be shown as a deduction under operating activities on the Cash Flow Statement?
A. Depreciation expense
B. Increase in accounts payable
C. Increase in inventory
D. Decrease in accounts receivable
45. Which of the following would be shown as a deduction under financing activities on the Cash Flow Statement?
A. Issuance of long-term debt
B. Repayment of long-term debt
C. Issuance of common stock
D. Payment of interest
46. How is a gain on the sale of equipment shown on the Cash Flow Statement?
A. A deduction under operating activities
B. An addition under operating activities
C. A deduction under investing activities
D. An addition under investing activities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started