Question
When using the direct method to determine operating cash flows, how is the purchase of equipment for cash shown on the Statement of Cash Flows?
When using the direct method to determine operating cash flows, how is the purchase of equipment for cash shown on the Statement of Cash Flows?
a.not reported on the statement of cash flows
b.noncash investing and financing activity
c.financing activity
d.operating activity
e.investing activity
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Forensic Accounting
Authors: Greg Shields
1st Edition
1727480988, 978-1727480986
