The statement of cash flows classifies cash receipts and payments as operating nonoperating financial and extraordinary activities.

Name: The statement of cash flows classifies cash receipts and payments as operating nonoperating financial and extraordinary activities.
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Question

Quizplus · Accepted Answer

The statement of cash flows classifies cash receipts and payments as operating, investing, and financing activities. Extraordinary activities are not a separate classification in the statement of cash flows.

The Statement of Cash Flows Classifies Cash Receipts and Payments