Multiple Choice
Dream Ice Cream Company paid $500,000 in salaries last year along with $25,000 in income tax. How would you best classify these expenses if you were preparing its cash flow statement?
A) financing activities
B) shareholders' equity
C) operating activities
D) cash balance
E) investing activities
Correct Answer:
Verified
Correct Answer:
Verified
Q66: A mechanic took out a mortgage from
Q67: Jasper is preparing an income statement for
Q68: Thiago is reviewing the books for Spare
Q69: Delores is a financial accountant. One of
Q70: Emre is an accountant for Vincentia Office
Q72: The essential characteristic of current assets is
Q73: The cash flow statement reports disbursement relating
Q74: The _ ratio measures the extent to
Q75: Coletta is preparing the balance sheet for
Q76: A company's insurance costs, supplies, and utilities