Questions
Single choice
Which of the following is not disclosed in a statement of cash flows using the direct method?
Options
A.Depreciation expense
B.Cash paid for interest
C.Cash received from customers
D.Cash received from issuing stock
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
The question asks which item is not disclosed in a statement of cash flows that uses the direct method.
Option 1: Depreciation expense. This is a noncash expense and is typically not presented in the operating section when using the direct method. Instead, depreciation is r......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
Baylor Corporation reported 2020 net income of $450,000 on the Income Statement. When looking at the Income Statement, you also note that Baylor recorded depreciation expense of $60,000 and amortization expense on a patent of $10,000. Furthermore, you see that cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities using the indirect method for 2020 was
When preparing the statement of cash flows using the indirect method (U.S. GAAP), the current portion of long-term debt would appear
Krenshaw Company reported a net income of $9,000 for the year ended December 31, 2016. During 2016, accounts receivable increased by $2,000, merchandise inventory decreased by $2,000, accounts payable increased by $1,000, long-lived fixed assets increased by $2,000, unearned revenues decreased by $1,000 and a $4,000 impairment loss was recorded. Assuming no other adjustments to net income are needed, the net cash inflow from operating activities using the indirect method was
Which of the following statements is false?
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!