Which of the following would NOT appear on a statement of cash flows prepared using the direct method?
A) Collections from customers
B) Payments to suppliers
C) Interest received
D) Increase/decrease in current liabilities

Question

Quizplus · Accepted Answer

The statement of cash flows prepared using the direct method includes specific cash inflows and outflows like collections from customers (A), payments to suppliers (B), and interest received (C). The increase or decrease in current liabilities (D) is related to the indirect method, where adjustments are made to net income to convert it from the accrual basis to the cash basis of accounting.

Which of the Following Would NOT Appear on a Statement