Cash flows provided (used) by operating activities, prepared using the indirect method, would include
A)receipts from the sale of investments.
B)profit.
C)payments for dividends.
D)receipts from the issue of preferred shares.

Question

Quizplus · Accepted Answer

Cash flows provided by operating activities using the indirect method start with net income, which includes profit. Receipts from the sale of investments and preferred shares and payments for dividends are categorized as financing or investing activities.

Cash Flows Provided (Used) by Operating Activities, Prepared Using the Indirect