Bassam A. Which of the following items is reported in the statement of cash flows using the direct method? A. Depreciation expense. B. Gain on sale of an asset. C. Cash received from customers. D. Loss on sale of an asset. 1 Expert Answer
Serge M. answered • 12/14/16 PhD and CPE with 40 years of experience teaching accounting
C. All the other items are shown with the indirect method. Recommended textbooks for you College Accounting, Chapters 1-27 Publisher:Cengage Learning, Principles of Accounting Volume 1 Publisher:OpenStax College Cornerstones of Financial Accounting Author:Jay Rich, Jeff Jones Publisher:Cengage Learning Financial Accounting Author:Carl Warren, Jim Reeve, Jonathan Duchac Publisher:Cengage Learning Financial Accounting: The Impact on Decision Make... Author:Gary A. Porter, Curtis L. Norton Publisher:Cengage Learning Financial And Managerial Accounting Publisher:Cengage Learning, College Accounting, Chapters 1-27 ISBN:9781337794756 Author:HEINTZ, James A. Publisher:Cengage Learning, Principles of Accounting Volume 1 ISBN:9781947172685 Author:OpenStax Publisher:OpenStax College Cornerstones of Financial Accounting ISBN:9781337690881 Author:Jay Rich, Jeff Jones Publisher:Cengage Learning Financial Accounting ISBN:9781305088436 Author:Carl Warren, Jim Reeve, Jonathan Duchac Publisher:Cengage Learning Financial Accounting: The Impact on Decision Make... ISBN:9781305654174 Author:Gary A. Porter, Curtis L. Norton Publisher:Cengage Learning Financial And Managerial Accounting ISBN:9781337902663 Author:WARREN, Carl S. Publisher:Cengage Learning, |