Multiple Choice
Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Match the reporting classifications with the transactions described below.
-Operating cash inflow
A) Cash collection of a nontrade note receivable.
B) Cash collected on accounts receivable.
C) Issuance of a long-term note payable for cash.
D) Cash purchase of securities issued by another corporation.
E) Payment of a property dividend.
Correct Answer:

Verified
Correct Answer:
Verified
Q101: Prepare the summary entries necessary to
Q102: Which of the following is always reported
Q103: Which of the following is reported as
Q104: When preparing a statement of cash flows
Q105: How is the amortization of patents reported
Q107: In its 2018 Annual Report to Shareholders,
Q108: Partial balance sheets and additional information
Q109: Why are "cash equivalents" included as part
Q110: If the direct method is used to
Q111: Like U.S. GAAP, International Financial Reporting Standards