Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following best describes the proper t

Which of the following best describes the proper treatment and/or impact on the statement of...

60.1K

Verified Solution

Question

Accounting

image

Which of the following best describes the proper treatment and/or impact on the statement of cash flows? A. Investing activities on the statement of cash flows generally result in a periodic cash inflow for a manufacturing company. B. Under the direct method, depreciation is added back to net income in the statement of cash flows because it is a non-cash expense. C. Investing and financing activities that do not affect cash are not required to be reported on the statement of cash flows. D. Gains or losses on the sale of the equipment are reported as investing activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students