Which one of the following is an expense for accounting purposes but is not an operating cash flow for financial purposes?
A) Interest expense
B) Taxes
C) Cost of goods sold
D) Labor costs
E) Administrative expenses

Question

Quizplus · Accepted Answer

Interest expense is an expense on the income statement but is not included in operating cash flows for financial reporting purposes. It is considered a financing cash flow.

Which One of the Following Is an Expense for Accounting