Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010
-All of the following are operating cash flows EXCEPT

Question

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010 
-All of the following are operating cash flows EXCEPT

Quizplus · Accepted Answer

The increase or decrease in fixed assets is not considered an operating cash flow, as it reflects a capital expenditure rather than an expense related to day-to-day operations. Operating cash flows include net profit, changes in current liabilities, and depreciation expenses.

Table 4.1 Ruff Sandpaper Co