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.
-Investing cash outflow
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
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