Which of the following would not be reported in the operating activities section of the statement of cash flows, which has been prepared using the indirect method?
A)Sales on account which have not yet been collected.
B)Net income.
C)Cash paid for income taxes.
D)Depreciation expense.

Question

Quizplus · Accepted Answer

Cash paid for income taxes is reported in the operating activities section, but it is not part of the adjustments made to net income in the indirect method. Instead, it is a direct cash outflow.

Which of the Following Would Not Be Reported in the Operating