Which of the following would cause net income on the accrual basis to be different than (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?
A)Purchased supplies for cash.
B)Purchased land for cash.
C)Invested cash in an interest earning account.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Purchasing supplies for cash is a cash outflow for operating activities, but will not be reported as an expense until the supplies are use

Which of the Following Would Cause Net Income on the Accrual