2 Due 3/618 Exam 2 Due 3/6/18 Question 4 (of 15) 4. Which of the following is NO

Question

2 Due 3/618 Exam 2 Due 3/6/18 Question 4 (of 15) 4. Which of the following is NOT correct regarding the reporting of cash? O Cash is reported in both the balance sheet and the statement of cash flows O Cash flows from transactions with stockholders and creditors are called financing cash flows O Cash flows from buying and selling investments and long-term productive assets are called operating cash flows. O Net cash flows reported in the statement of cash flows should equal the change in cash reported in the balance sheet.

Explanation / Answer

Cash is reported in both the balance sheet and statement of cash flow, Cash flow from transaction with shareholders and creditors are called financing cash flow and net cash flow reported in the statement of cash flows should equal the change in cash reported in balance in balance sheet these all three are correct.

But Cash flow from buying and selling investment and long term productive assets are called operating cash flow is not correct.

so answer is c) Cash flow from buying and selling investment and long term productive assets are called operating cash flow

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