Multiple Choice
A company purchased a parcel of land using a long-term note payable.Using the direct method,where is this transaction reported on the statement of cash flows?
A) operating activities
B) investing activities
C) financing activities
D) noncash investing and financing activities
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which financial statements cover a period of
Q83: All of the following may appear as
Q85: Income tax expense is $47,000 for the
Q86: The income statement and the statement of
Q87: Purchases of treasury stock would be reported
Q89: Interest expense for the current year is
Q90: Because income and cash flow usually move
Q91: Using the indirect method,the operating section of
Q92: On the statement of cash flows prepared
Q93: A company reports the following balances: <img