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Financial Accounting, Quiz 2

Undated, Set 1

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Question 1

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Which of the following items will NOT appear in the operating activities section of the statement of cash flows when using the direct method?

Select one option

A.
Payments to employees
B.
Collection from customers
C.
Net Income
D.
Payment to suppliers

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Which of the following items will NOT appear in the operating activities section of the statement of cash flows when using the direct method? The indirect method of preparing the statement of cash flows Delfinio's has total revenues of \$4,315, selling and administrative expenses of \$611, depreciation of \$309, cost of goods sold of \$2,403, taxes of \$178, dividends of \$80, and interest expense of \$168. What is the amount of the non-cash items?