Which of the following would be reported in the supplemental cash flows disclosure section of the statement of cash flows?
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 a cash outflow and is reported in the supplemental cash flows disclosure section. Sales on account and net income are reported in the operating activities section, while depreciation expense is reported in the investing activities section.

Which of the Following Would Be Reported in the Supplemental