Which of the following items will NOT appear in the operating activities section of the statement of cash flows when using the direct method?
A)Payments to employees
B)Collections from customers
C)Net income
D)Payments to suppliers
E)Income tax payments

Question

Quizplus · Accepted Answer

Net income appears in the "Net Income" section of the statement of cash flows for both the direct and indirect methods, but it is not a part of the operating activities section in the direct method.

Which of the Following Items Will NOT Appear in the Operating